Binance separates millions of ETH and Sol, what can this mean?

Data on the series show that Binance has facilitated the withdrawals of millions of ETH and Sol in the past 24 hours of trading, what can this mean?

according to Data From Arkham Intelligence, Binance has seen an increase in activity last day of trading, specifically with regard to Ethereum (Eth) And Solana (Teller(Hizbas. The biggest encryption exchanged by daily trading size ignited a stir in the online encryption letter when users discovered a major activity on Binance Hot wallet.

According to the data on the series, in the past few hours, at least 103,570 SOLs, or equal to $ 16.32 million according to the current market prices. Last day, Solana decreased by about 8 %. Sol is currently trading at $ 157.58, Slip below 160 dollars for the first time since October 2024.

Many merchants have erred in the activities of the hot wallet in Binance, where the stock exchange sells its shares through the market maker winterWhen an X analyst actually indicated that in reality, the winter was withdrawing millions of Solana from the Binance holdings.

“As I understand it, this means in fact that Wintermute pulled Sol from the Binance Hot Wallet account, most likely after purchasing requests books,” said Viny Barbosa, the editor of the FinBold and Alliacedao in his speech. mail.

On the other hand, Binance was also said to have sold about 25,000 ETH between 8:00 am and 10:00 am UTC, with the sale price at that time about $ 3,200 per eth. This means that the stock exchange has traded $ 80 million of ETAREUM holdings. The premium symbol bodies are mainly addressed to symbolic capital partners and Wintermute.

Soon after, the ETHEREUM price decreased by 3.5 %. At the time of this report, ETH decreased by approximately 4 % and hands are trading at $ 2683.

Another novel, Martyplement, said that Binance was “Flushing” Trump (TrumpCode, claiming that the stock exchange sold 4.7 % of Trump’s $ 1 billion.

However, he later discovered that the stock exchange did not sell any Trump symbol, instead the value of their property fell from one billion dollars to about 850 million dollars due to the decrease in Trump’s price by more than 7 %.

What can the distinctive symbol of Binance?

On the one hand, this may mean that these symbols are in high demand as the main market makers like Wintermute are withdrawing or raising the symbols from the hot Binance portfolio, which means that they either remove liquidity or buy Sol and ETH from request books.

On the other hand, the fact that Binance is ready to give up ways with these assets means that the exchange can restore its wallet balance. This means that Binance is to control exposure to some assets, which reduces the risks associated with volatile symbols or preparing to re -customize its money to safer assets.

As a result, investors and merchants may explain this step as an indication that Binance expects the upcoming disturbances in the market, which may affect the sizes of liquidity and trade of the aforementioned symbols. This procedure may help prevent potential manipulation of prices or sharp declines during high pressure periods.

Moreover, removing millions in the value of the distinctive symbol from the active trading environment in Binance can reduce liquidity. This reduction may lead to a wider spread and flipher prices more clear on the platform, which affects market morale in general and may lead to more adjustments between other participants in the market.