Binance sees largest Bitcoin inflow since SEC lawsuit

Quick Take

• Binance saw its largest inflow into the exchange yesterday since the SEC lawsuit, driven by a large whale, almost 3,500 Bitcoin ($66 million).
• This event raises questions as to why a large whale would deposit such a significant amount of Bitcoin while the exchange is currently facing a lawsuit with the SEC.
• Since the lawsuit began, nearly 40,000 Bitcoin have left Binance. However, this is a relatively small amount considering the exchange currently holds approximately 663,000 Bitcoin (roughly $17.35 billion.)

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