7636 BTC Transferred from Binance to New Wallet

Shenchao TechFlow reported on October 30 that, according to Whale Alert monitoring, at 04:30 Beijing Time, a total of 7,636 BTC was transferred from Binance to an unknown new wallet, worth approximately USD 614 million at the price at the time of transfer.

The receiving address is newly created and has no public label; the identity of the sender and the purpose of the funds cannot yet be confirmed. Large BTC outflows from an exchange may be related to institutional withdrawals, custody migration, or internal exchange wallet adjustments, and the specific situation is still awaiting further on-chain tracking.

Shenchao TechFlow previously reported that early today, Whale Alert also monitored multiple large asset transfers from Binance, including 28,000 ETH and 613 million USDT.

Source: Shenchao TechFlow