Bitcoin Transaction Worth $260 Million Shocks World’s Largest Crypto Exchange

Jakarta, Pintu News – A massive Bitcoin transaction has just taken place on Binance, the world’s largest crypto exchange, with a value of $260,387,071. Data from Whale Alert shows that a total of 3,000 BTC was sent from an external wallet to Binance’s “15KX2” deposit address. This transaction does not appear to be an accident, but a well-planned move.

Origin of the Big Fund

The transaction is related to the infrastructure of Matrixport, a crypto financial services firm founded by Jihan Wu, former CEO of Bitmain. Matrixport, which primarily serves institutions and high-net-worth clients, offers a range of services including custody, OTC trading, lending, derivatives, and structured yield products.

On the same day, two wallets linked to Matrixport deposited around 4,000 BTC, worth around $347.56 million, into Binance. This activity suggests a careful balance management and hedging strategy by Matrixport, rather than just long-term storage.

Also Read: Bitcoin, Ether, and XRP Decline Increases Toward the End of 2026, Why?

Impact on Bitcoin Price

Bitcoin price is currently hovering around $86,600, and has been struggling to stay above $90,000 for the past two months. Since October, Bitcoin price has shown a pattern of lower highs, with pullbacks occurring after each rally.

Large deposits to exchanges like this often increase short-term supply risk, especially when shippers are involved in trading and yield strategies. Although there have been no confirmed spot sales, the order book data does not indicate an immediate distribution corresponding to the full size of the deposit.

Speculation and Market Strategy

There are a few possibilities as to why Matrixport made this large deposit to Binance. First, they may be selling Bitcoin in stages to gain cash liquidity. Secondly, the deposit could be as collateral for short exposure or options.

Another alternative is to prepare for higher market volatility. With volatile market conditions, such a move could be a strategy to maximize profits or minimize losses, depending on the next market movement.

Conclusion

This large transaction on Binance marks an important moment in the dynamics of the crypto market. While the exact purpose of this transfer remains unclear, its impact on market liquidity and volatility cannot be ignored. Market watchers and crypto investors should remain vigilant for possible Bitcoin price swings that could occur at any time.

Also Read: 5 Important Facts from Bitcoin’s (BTC) Latest Prediction: US$125,000 Target?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

FAQ

Q1: What is Bitcoin (BTC)?

A1: Bitcoin (BTC) is a digital currency created in 2009, using peer-to-peer technology to facilitate instant payments.

Q2: Who is Jihan Wu?

A2: Jihan Wu is the founder of Matrixport and former CEO of Bitmain, a leading company in the Bitcoin mining industry.

Q3: What is Matrixport?

A3: Matrixport is a crypto financial services firm that offers various services such as custody, OTC trading, lending, derivatives, and structured yield products.

Q4: Why do large deposits to exchanges affect the price of Bitcoin?

A4: Large deposits to exchanges can increase the supply of Bitcoin in the market, which might lead to a price drop if selling occurs on a large scale.

Q5: What does market volatility mean in the context of crypto?

A5: Market volatility in the context of crypto refers to the rapid and unpredictable price changes of cryptocurrencies such as Bitcoin, which can be influenced by various factors including market news and major trading activity.

Reference

• U.Today. Strange Bitcoin Transfer Worth $260,387,071 Lands on World’s Largest Crypto Exchange. Accessed on December 18, 2025