A post by @whale_alert on X.

A wallet moved 1,314 BTC, valued at roughly $97.68 million, from Binance to Ceffu, the custody arm tied to the exchange, according to Whale Alert. The transfer is notable for its size and direction, shifting a nine-figure sum off the spot exchange and into an institutional custody arrangement rather than to an unknown private wallet. Binance has increasingly routed client and exchange-linked assets through Ceffu, so the move may reflect custody rebalancing rather than fresh selling pressure. Traders will watch whether the coins remain parked in Ceffu or are subsequently withdrawn to cold storage or returned to exchange order books.