Cryptocurrency asset management firm Ceffu has taken action for a possible Bitcoin (BTC) sale.
According to data provided by on-chain analysis platform Lookonchain, Ceffu rolled up his sleeves for Bitcoin on September 13. Current data shows that the investment firm moved 3,123 BTC worth $181 million to the cryptocurrency exchange Binance.
Ceffu, who has been continuing his Bitcoin transactions since August 1, deposited 12,320 BTC worth $718.8 million and 85,347 ETH worth $210 million to Binance.
These high amounts of Bitcoin and Ethereum transfers indicate that Ceffu may be part of a large-scale strategic move.
Following these deposits, Ceffu confirmed its sales by withdrawing 515 million USDC and 514 million USDT from Binance. However, the fact that Ceffu has not yet made an official statement about the reason behind these transactions has created uncertainty among investors.
Ceffu, which started operating in 2021, offers custody and liquidity services to corporate companies.
According to CoinGecko data, Bitcoin, which has increased by 1% in the last 24 hours, is traded at $57,100 at the time of writing.
Stay tuned for new information.
