Ceffu Continues Large Bitcoin Transfers to Binance
Ceffu, a prominent institutional custody and liquidity provider, has once again moved a substantial amount of Bitcoin to Binance. In the past three hours, the company transferred 127 BTC, valued at approximately $7.34 million, to the leading cryptocurrency exchange.
Ceffu's Bitcoin address: 14fa9FPEC2EZLYceFZYpwZ24KpbYnbyqYR
This latest transaction is part of a larger trend. Since July 31, 2024, Ceffu has deposited a staggering total of over 3,691 BTC, worth roughly $218.8 million, to Binance. This consistent outflow of Bitcoin from an institutional custodian raises concerns about potential selling pressure in the market.
