Strange Bitcoin Transfer Worth $260,387,071 Lands on World's Largest Crypto Exchange
Analysis
Price Impact
HighA large transfer of 3,000 btc ($260m+) from matrixport-related wallets to binance's deposit address indicates significant institutional activity. historically, such large institutional deposits to exchanges often increase short-term supply risk or are used as collateral for derivatives, potentially leading to increased selling pressure or heightened volatility.
Trustworthiness
HighThe information is based on verifiable on-chain data from whale alert and arkham, directly linking the wallets to matrixport. the analysis of potential impact aligns with established market behaviors for large institutional exchange deposits.
Price Direction
BearishGiven bitcoin's recent struggle to stay above $90,000 and a pattern of lower highs, a large institutional deposit to an exchange increases the likelihood of selling pressure or hedging activities. the article points to 'increasing short-term supply risk,' which typically correlates with downward price pressure or at least a lack of immediate bullish momentum.
Time Effect
ShortThe analysis explicitly mentions 'short-term supply risk' and historical patterns of immediate market reactions to such large exchange deposits. the potential effects are expected in the near future rather than over an extended period.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News A big Bitcoin move on Binance worth a whopping $260,387,071 just occurred, and it looks like it was not an accident. Advertisement Whale Alert data shows 3,000 BTC sent from an external wallet into Binance's "15KX2" deposit address. Arkham links the sending wallets to Matrixport-related infrastructure. Two Matrixport-connected wallets deposited about 4,000 BTC, worth around $347.56 million, into Binance on the same day. Matrixport is a crypto financial services firm that was founded by Jihan Wu, the former CEO of Bitmain. It mostly works with institutions and high-net-worth clients, offering custody, OTC trading, lending, derivatives and structured yield products. HOT Stories Ripple CEO Celebrates Impressive XRP ETF Milestone XRP Urgent Alert Issued, Critical SHIB Price Level Revealed to Bulls, Solana Volume Rockets 40% Amid Golden Cross Setup — Crypto News Digest Crypto Market Prediction: This Is What Saves XRP From Crashing to Zero, Three Ethereum Levels to Watch After $3,000, Is Shiba Inu Bull Market Bounce Starting Now? Morning Crypto Report: New XRP Pair Goes Live on Binance, Shiba Inu (SHIB) Scores New Coinbase Listing, Cardano Creator Highlights 'New ADA' Top 100 Achievement Matrixport is not your typical retail exchange. People usually use its wallets for execution, hedging and balance management — not for long-term holding. Advertisement 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 3,000 #BTC (260,387,071 USD) transferred from unknown wallet to #Binance https://t.co/bzJwJVGZUd — Whale Alert (@whale_alert) December 17, 2025 Two weeks earlier, the same receiving wallet got Bitcoin from BIT.com Matrixport addresses in multiple inflows: 496 BTC, 504 BTC, 998.99 BTC and 1,001 BTC. Today's deposit is the final step in that process, moving the coins to Binance for active trading in spot or derivatives markets. What's with Bitcoin price? The price of Bitcoin is one to watch here since it is trading at about $86,600 and not able to stay above $90,000 for two months already. Since October, prices have been hitting lower highs, with repeated pullbacks after rallies. Advertisement Large exchange deposits during this type of structure have a history of increasing short-term supply risk, especially when the sender is tied to trading and yield strategies. You Might Also Like Tue, 12/16/2025 - 19:49 Saylor: Quantum Computing Won't Break Bitcoin By Alex Dovbnya There is no confirmed spot selling yet. The order book data does not show immediate distribution that matches the full size of the deposit. Thus, there are three things to think about here: selling Bitcoin in stages to get cash, setting aside collateral for short or options exposure, or getting ready for higher volatility. #Bitcoin #Bitcoin News #Binance