Binance Transferred out 110,000 BTC

[CoinnessPress]

Monitored by CoinNess.com, a Binance wallet address starting with 16ftSE sent 109,234 BTC to a wallet address starting with 34xp4v.
What gonna happen...

[TobiasVR]

does that make the effect of the BTC price drop sharply, now the downward trend in BTC prices is getting drastic and this can make a lot of crypto prices experiencing a significant price decline. so I think this is something that might be related to the transfer out of binance with the current BTC price.

[minairia3]

Monitored by CoinNess.com, a Binance wallet address starting with 16ftSE sent 109,234 BTC to a wallet address starting with 34xp4v.
What gonna happen...

Transferred out? meaning they put in their wallet? then they will trade to other exchange? or maybe they just bought the dip? Could be that or really just trying to cashout in OTCs.

[BuyBuyBitcoin]

Probably a hedge fund selling after they shorted bitcoin...

Hopefully it fucks all the shitcoins up for a few months lol.

[AlaEhBTC]

Maybe one of the reasons why there is a sudden fall in price right now. All those news that I saw about bitcoin right now is creating a FUD.

[pakhitheboss]

This might be one of the reason for a steep fall in Bitcoin price. They have already created a panic in the Market as the price is still falling down. At a later state they might again enter the market with the exsisting Bitcoin and New Money.

[talkbitcoin]

the only thing that we get from your post here is that you are showing your ability to pull random numbers out of your ass and then make then appear real.

[dothebeats]

I don't think this is even a cause for concern considering that exvhanges regularly move their funds over to several hot wallets for security purposes. This is certainly not the first time a big exchange moved funds over to a different address, so no biggie. In times of flash crashes, a single huge movement of coins make a huge number of people overthink, up to a point that everything ends up being related to the crash while in reality it's just a normal routine for the big guys.

[sorrysteve1]

I don't think this is even a cause for concern considering that exvhanges regularly move their funds over to several hot wallets for security purposes. This is certainly not the first time a big exchange moved funds over to a different address, so no biggie. In times of flash crashes, a single huge movement of coins make a huge number of people overthink, up to a point that everything ends up being related to the crash while in reality it's just a normal routine for the big guys.

Yep, there was the same thing multiple times this year, with people thinking certain wallets belonged to other people when in the end it was just exchanges doing their routine moves etc. Why exactly someone would move 110,000 btc from binance for anything else is beyond me, why anyone would even have 110,000 bitcoin in binance is kind of beyond me, which is what makes me believe it's the exchanges funds rather than an individuals.

[LeGaulois]

Fake News Network

I don't buy your story and believe OP is just trying to spam the website. Why didn't he posted a link to the news if he wanted to start a discussion? I searched the news quickly and didn't find something about this. But I found an old story old from 2013 mentioning 110,000 Bitcoins.
Are you spinning the old stories bro?  

[eup]

Is this real? Where did this news come from, has it been confirmed?
I don't think that spreading FUD has any meaning, it only exacerbates people's fears and is not conducive to the development of Crypto.

[Harrisonimo]

Monitored by CoinNess.com, a Binance wallet address starting with 16ftSE sent 109,234 BTC to a wallet address starting with 34xp4v.
What gonna happen...

As much as this isn't well explicit as to where it is exactly moved to; I don't think it is what has explained the present sharp dip of the bitcoin price in general. We have claims that bitcoin  taken out from some exchanges have contributed immensely to the current market dip experienced in this year but there are other ways to have it resuscitated.

[YuginKadoya]

It's Stated that it is transferred out from Binance to other wallets but most people are freaking out because the value might fall down or decrease, But it is still in bitcoin so there will be no effect or what so ever with the current price of it, So please stock panicking and understand what is really happening in this kind f situation, Well, in my opinion, a user or a group of users had to pull out their bitcoin out of Binance and put it in a more safe wallet, Because Binance is an exchange and not a wallet to calm down people.

[bitfocus]

according the the data, those Bitcoins were transferred to wallet, no info about selling or something like that, also, it means that people are buying - but trust me, panic sellers will get a false panic attack and start selling cheap due to this news.

[CoinnessPress]

Fake News Network

I don't buy your story and believe OP is just trying to spam the website. Why didn't he posted a link to the news if he wanted to start a discussion? I searched the news quickly and didn't find something about this. But I found an old story old from 2013 mentioning 110,000 Bitcoins.
Are you spinning the old stories bro?  

Hi bro, thanks for your doubt.
This was not a "news", but technically monitored by coinness.com. so unfortunately there is no link for this.
however, HE Yi, co-founder of Binance, tweeted on her weibo handler that the recent outflow of 110,000 BTC from Binance was nothing abnormal but a routine internal transfer. this just happened a couple of hours ago.

join our telegram group for more "news"
https://t.me/coinnessofficial

[Sab11]

Monitored by CoinNess.com, a Binance wallet address starting with 16ftSE sent 109,234 BTC to a wallet address starting with 34xp4v.
What gonna happen...

Woah if this is sell and transfer into fiat for sure this is the reason why bitcoin price suddenly drops, but dont do panic selling guys when the price drops, panic selling will just make your money loss and regret.

[carlisle1]

Monitored by CoinNess.com, a Binance wallet address starting with 16ftSE sent 109,234 BTC to a wallet address starting with 34xp4v.
What gonna happen...

This is the effect of those stupid weak hands here in crypto market,those who pretend that they are a holder but when some action like this happen,they just drop their coins instantly
I see no problem from that transfer because only the wallet was change,and the bitcoin remain inside the circulation,this will he a problem if the bitcoin was converted into fiat

[aoluain]

Monitored by CoinNess.com, a Binance wallet address starting with 16ftSE sent 109,234 BTC to a wallet address starting with 34xp4v.
What gonna happen...

Woah if this is sell and transfer into fiat for sure this is the reason why bitcoin price suddenly drops, but dont do panic selling guys when the price drops, panic selling will just make your money loss and regret.

People need to realise that even if and it unlikely that amounts like this are to be
sold there has to be a buyer. Coins are not abandoned in the middle if nowhere
and forgotten about.

If coins are sold they are also bought, one balances the other.

[jademaxxiss012]

does that make the effect of the BTC price drop sharply, now the downward trend in BTC prices is getting drastic and this can make a lot of crypto prices experiencing a significant price decline. so I think this is something that might be related to the transfer out of binance with the current BTC price.

This is probably a change of investment for the money that will be converted from bitcoin could have a lot of use in investing real projects outside decentralized nature of cryptocurrency. Well whatevernit may that figure of bitcoin being move from one wallet to another wallet will really could make bitcoin crash.

[Miklight88]

Moving out the those btc to me doesn't affect the price but selling them on an option might change the price but definitely the buyer will also want to sell high and that gives the equation balance but I believe the price dip was due for long and was expected.