Binance Transferred out 110,000 BTC

[kram31]

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...

16ftSE is the first degree wallet or blockchain wallet of BTC
while the 34xp4v is a 3rd degree wallet where you can trade your BTC to FIAT.
Maybe there will be a convert of BTC to CASH because the market will fall and the owner wants to extend the profit.
Look for it after few days, the BTC will be there getting large number of BTC compare on the date of transferred.

[coinwizard_]

Is anyone going to post a link to the transaction on blockchain explorer? If it is real then nothing to worry about, it is probably going into a hardware backed wallet for more long term security

[tabas]

That website isn't a reliable source of any news, advertising that site of yours?  

Is anyone going to post a link to the transaction on blockchain explorer? If it is real then nothing to worry about, it is probably going into a hardware backed wallet for more long term security

I'm not going to buy the story without any supported proof.

[Baofeng]

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

Ok. It seems that you have gotten the answer so there's no need to keep this thread open for another spam feast. I suggest you lock this thread for good.
[GUIDE] Lock Thread(s) After Receiving Enough Replies.

[Sirait]

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...

wow, a good catch and I hope this is clarified, is that the reason for this Bitcoin price crash, yesterday the price of Bitcoin fell very deep, like falling into a chasm. I just hope the price of Bitcoin will go up again because I've been a HOLDER for a long time since the price of Bitcoin is at $ 20,000  

[qtronix]

Don't react to that. We need to focus on more important news about  crypto. Now the price is going down and we can wait for the market to turn around very soon.

[messito]

nothing will happen because worse than 5k dollars for one bitcoin nothing can be

[gesdan]

damn, is this the end of bitcoin will happen right now? big excahnger liek binance has start their moce to move their bitcoin asset into another wallet, is this a big move?

[burky156]

I believe that is why the bitcoin price falled down %20 in last two days.. When people hear a news like this one got panic and start to sell their bitcoin and the altcoins. I am sure that this is provide panic sellings and some people would make profit of it. There are some people that they have enormous size of bitcoin and cryptos and unfortunately the are ruling the cryptocurrency world..

[xtraelv]

This happens all the time when a chain is having a fork.

There are people who want to profit from a fork and would have sold bitcoin to buy bcash. Those sales would have triggered some auto sells when the price dropped.

After the fork and the drama is over people will buy it up again.



Hashrate has gone down a lot as a lot of miners switched to BCash ABC and SV.  They will get bored and find mining Bitcoin is more profitable and switch back eventually.

Due to the drop in hashrate it is also cheaper now to mine the real bitcoin.

[Maricel2017]

I think that has a huge effect on the value of bitcoin also in that exchange if one person pull out his investment or else that bitcoin is on the owner of the exchange but that has a bad effect also in the binance it was due to decreasing of the demand for a coin in their exchange.

[fosco333]

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...

If they sent btc from binance, it is a good thing because they didn't sell their bitcoin in binance which could creating more dump price for bitcoin.
Anyway, the current market is very bad, you cannot predict anything in such market. Everything is possible, even the market still possible to recovery suddenly after this dump.

[thunderbitz2717]

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...

Which means the volume market of Binance was decreased due to the there is someone who made a transaction to withdraw 109.234BTC that was really a huge amount of bitcoin. For sure the value of Binance got affected by it. But if there is 110,000BTC transfer going to binance it will be favorable to that exchange ti increase its value but if not it will get dump for sure.

[SistaFista]

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...

I hope something good will happening because i think withdrawal is better than deposit in exchange.
When you deposit much amount of btc, it means you will have a high possibility to sell your coin into other coins.
Withdrawal means you don't sell your coin in the exchange, and dump will not happening.

[Miklight88]

Transfer of btc out of an exchange should not be a very much concern to any one as is of two way which can be a move to one of the the cold wallet and another can be one if the user taking away his funds cause am sure if it were to be sell it is much easier changing it right in the exchange to fiat and wait for dip to buy back.

[MAJICOIN]

Binance is a big exchange and we can expect this much transactions And if It has a reserve of these bitcoin i think they have a good target it achieved. Crypto currencies are now familiar and we can grow in this market it is better than stock but if we made our mind for that and for now if we invest in this sector we can become the millionaire.

[Crypto Girl]

damn, is this the end of bitcoin will happen right now? big excahnger liek binance has start their moce to move their bitcoin asset into another wallet, is this a big move?

Not at all, obviously people just want to have a quick profit and utilizing the bch airdrop. Though it's really saddening to see the market crashes plus your friends are getting panic yet you still to choose to stay calm, and that's gave us a shit. Let's just put our hopes that there will be a massive buy back that can help the market to recover.