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Crypto

$500M USDT Outflow Hits Binance Amid Bitcoin Rebound

Guavy AI Editorial Team
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BTC USDT BNB
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A massive $500 million USDT outflow was detected on Binance's hot wallet, with the funds moving directly to Tether's treasury. This transaction occurred as Bitcoin's price rebounded, reaching a level of $64,964 on Bitstamp.

According to Whale Alert, 500 million USDT was transferred from Binance's hot wallet to Tether's treasury. The movement coincided with a local recovery in Bitcoin's price and a rebound in the RSI indicator toward the neutral zone.

The market structure placed the volume Point of Control (POC) at $64,102, accompanied by a rebound in the RSI indicator. This suggests a sustained weakening of selling pressure in the short timeframe.

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