Analysis of Glassnode DataData encryption quartz sandstoneIt indicates that the industry leading Binance Exchange has sold US $137 million worth of BTC (BTC) in the past 24 hours.

In addition, nearly US $32 million worth of ETH, US $300 million worth of USDC and US $200 million worth of Binance (BUSD) and Tether (USDT) were withdrawn. The total withdrawal amount exceeds 860 million US dollars.

Fully considering that BTC is currently on an elevated track, the loss of Binance may change with the increase of BTC price. At the time of writing this article, the transaction price of BTC was about US $17390. According to CryptoSlate data, BTC has increased by 0.14% in the past hour. In the past 24 hours and 7 days, the index reached the highest value of 1.37% and 1.14% respectively.

Binance terminates USDC withdrawal

On December 13, Zhao Changpeng (CZ), the chief executive of Binance, said on Twitter that the exchange temporarily stopped the withdrawal of USDC.

CZ explained that Binance's recent USDC withdrawal has increased. Because the exchange converts it into 1:1, CZ indicates that the exchange must visit financial institutions to obtain withdrawal requirements.

He pointed out that the suspension of withdrawal was not because the exchange lacked network resources, but because the financial institutions made slow progress in meeting the withdrawal requirements of Binance.

Attractive large amount transfer

Justin Sun, CEO of TRON DAO, said that she had deposited $100 million in Binance to effectively solve the liquidity crisis of Binance.

Sun acquired USD 34 million BUSD and USD 15.4 million from Binance earlier on December 13. It is reported that he transferred such assets to Paxos and Circle to TX, and said that such transactions "are only normal business cooperation"

In addition, according to the statement of data encryption journalistsWu BlockchainIt is reported that Wintermute obtained USD 153 million from Coinbase and sold about USD 150 million of it to Binance.