Crypto
Amber Group Pulls $9.97M from Binance Amid Shifting Custody Strategies
Amber Group, a prominent player in the crypto space, has withdrawn approximately $9.97 million from Binance over the past few months.
The move follows similar large outflows by the firm across six months, indicating shifting custody strategies.
A breakdown of the withdrawal reveals that Amber Group pulled ~$38.89 million worth of ENA ($3.58 million), $28,262 AAVE ($2.52 million), 1,140 ETH ($2.18 million), 2,017 BNB ($1.20 million), and 59,202 LINK ($0.49 million).
On the ENA 4-hour chart, prices have been testing upper Bollinger resistance at $0.09 while facing overbought conditions signaled by an RSI of 71.19.