Binance transferred 21,750 Bitcoin, worth about $1.69 billion, between its cold and hot wallets. This transfer does not indicate customer withdrawals but is part of internal wallet management. On November 1, the first day Binance resumed withdrawals, users withdrew $4.4 billion, including 19,569 BTC valued around $1.5 billion by early morning. Binance co-founder He Yi explained that most large transfers are simply moving coins from cold storage to new hot wallets, not customer withdrawals.
Binance moved 21,750 Bitcoin between cold and hot wallets, valued at about $1.69 billion, providing context for this large internal transfer. For readers following the broader crypto market, here is Pluang's market snapshot as of Nov 02, 2026 02:51 WIB: out of 50 major cryptocurrencies, 16 rose and 33 fell. Notable movers include CRV at Rp5.018 with a -4.02% change and 57% sell order activity, ZIL at Rp34 with a -3.70% change and 71% sell order activity, and COTI at Rp183 with a +3.69% change and 89% buy order activity.
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