A post by @whale_alert on X.
700 $BTC (51,534,897 USD) transferred from #Binance to #Kraken
@whale_alert on X
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A single transfer of 700 BTC, valued at roughly $51.5 million, moved from Binance to Kraken, according to Whale Alert. The transaction, flagged on-chain, represents a notable exchange-to-exchange flow rather than a move to self-custody. Such transfers can reflect arbitrage, liquidity rebalancing, or over-the-counter desk activity rather than immediate selling pressure. Traders typically watch whether the coins remain on Kraken or move again, since continued exchange inflows may signal intent to trade.
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Named in this story
Binance, Kraken, Bitcoin (BTC)
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