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A wallet of unknown ownership moved 2,328 BTC, valued at roughly $172.04 million, to Ceffu, the institutional custody arm tied to crypto exchange Binance. The transfer was flagged by Whale Alert and represents a single large on-chain movement rather than an exchange deposit in the traditional sense, since Ceffu provides segregated custody and mirror-trading services for institutional clients. The size of the transfer matters because flows into custody platforms can signal institutional positioning, treasury reshuffling or preparation for trading through Binance’s liquidity without coins sitting directly on the exchange. With no sender identified, the market will watch whether the BTC remains in Ceffu custody or moves onward to an exchange, and whether similar large transfers follow.

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Bitcoin (BTC), Ceffu, Whale Alert

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