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#HasTheMarketDipped? Brief

Recent large Bitcoin (BTC) deposits on Binance came from wallets associated with Matrixport, as well as from unknown large holders of (whales).

Two wallets linked to Matrixport transferred 4,000 BTC (~$347.6 million) to Binance, according to Arkham data, as reported by Cointelegraph and Bitcoinist.
Whale Alert service recorded transfers of 3,000 BTC (~$260.4 million) and another 1,000 BTC (~$87.3 million) to Binance, as noted by Coinspeaker.
One whale deposited 2,000 BTC (~$180.3 million) to Binance after previously receiving 5,000 BTC from Matrixport, reports AMBCrypto.

Details

1. Matrixport Wallets

Two wallets associated with Matrixport transferred a total of 4,000 BTC (~$347.6 million) to Binance. These transfers were flagged by Arkham analysts and covered by several publications. Cointelegraph and Bitcoinist interpret this as a possible signal to sell or hedge amid weak market structure. According to U.Today, other funds also arrived at Binance addresses before the large transfer.

What it means: Large transfers marked by institutional players often precede hedging or phased selling. It is recommended to monitor exchange balances and net flows to confirm the trend.

2. Whale Alert Transfers

On December 17 (UTC), Whale Alert recorded a transfer of 3,000 BTC (~$260.4 million) from an unknown wallet to Binance, and shortly after, another 1,000 BTC (~$87.3 million), as reported by Coinspeaker. These events are associated with increased caution around BTC support in the mid-cycle.

What it means: Deposits from unknown large holders increase short-term supply on major platforms. This could indicate spot selling, but it’s also possible these funds are used as collateral for derivatives.

3. Whale deposited 2,000 BTC after Matrixport

According to AMBCrypto, one whale received 5,000 BTC from Matrixport in early December, then deposited 2,000 BTC (~$180.3 million) to Binance, while keeping another 3,000 BTC, based on Arkham data (AMBCrypto). The article describes this as a sale amid market weakness with fixed losses.

What it means: This pattern indicates phased movement of coins between custodians with subsequent withdrawal to Binance for sale. Watch for realized volume and order book depth, rather than jumping to conclusions about full liquidation immediately.

Conclusion

Wallets associated with Matrixport and several large whales were behind the biggest BTC deposits on Binance this week. These flows align with hedging or phased asset distribution. The market impact will depend on whether exchange balances increase and realized volumes grow; it’s important to monitor net flows, order book supply, and key support levels.

Confidence: moderate, as wallet tags are based on analytical data rather than official owner confirmations, but multiple sources verify these transfers.