Binance Returns $500M USDT Amid Bitcoin's $65K Rebound

A significant $500 million USDT transfer occurred on Binance's hot wallet, but it wasn't a cause for alarm. The funds were transferred to Tether Treasury as part of a routine technical cross-chain swap.

The transaction coincided with Bitcoin's recent rebound near the $65,000 mark. The price reached $64,964 on the Bitstamp spot chart, and the move was accompanied by an increase in trading volume at around $64,102. This level has become a strong support for the cryptocurrency.

The RSI momentum indicator moved out of the local oversold zone below 20 and entered the neutral range between 40 and 60, indicating a shift back toward buyers. The broader market absorbed the transaction without sharp volatility fluctuations.