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BIT-Related Address Deposits $107 Million in BTC to Binance
A cryptocurrency options trading platform BIT (formerly MatrixPort) related address has deposited 1,400 BTC ($107 million) into Binance, and withdrawn 10,000 ETH ($24.67 million) from the exchange, according to Lookonchain. Typically, deposits to an exchange are interpreted as selling signals while withdrawals are seen as accumulation signals.
Korean Source
This article is an English localization of a Korean-language crypto news report. Original headline: BIT 관련 주소, $1.07억 BTC 바이낸스 입금