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$500M USDT Shift from Binance Sparks Technical Swap Speculation

Guavy AI Editorial Team
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A large transfer of $500 million USDT from Binance's hot wallet to Tether Treasury was recorded, coinciding with Bitcoin's price rebound near $65,000.

This move likely represents a technical cross-chain swap rather than a liquidity crisis, as Binance shifts tokens from the Ethereum network to faster and cheaper networks to meet margin demand.

The market absorbed the USDT withdrawal without volatility, with Bitcoin holding near its local trading range's upper boundary.

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