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Wallet withdraws nearly $100M in ETH and WBTC from Binance since June 30

Market News
11 Jul 2026
Coincu
View Source
Neutral
pluang ai news

Since June 30, a single wallet has withdrawn about $84.3 million in Ethereum (ETH) and $15.66 million in Wrapped Bitcoin (WBTC) from Binance, totaling nearly $100 million. This large outflow reduces immediate sell-side liquidity on Binance and may indicate long-term holding or strategic repositioning, though the wallet owner's intent remains unclear. The withdrawals span multiple days, suggesting deliberate accumulation or transfer rather than a single transaction. Market watchers will monitor further activity to see if these assets move into DeFi, staking, or return to exchanges.

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