Binance Going To Decrease Withdrawal Limit From August 2021

by Coinworldstory

Cryptocurrency Exchange Binance On Tuesday Announced That It Will Significantly Lower The Daily Withdrawal Limit For Users Whose Accounts Have Not Been Verified Using Documents In August. During The Entire Existence Of Binance Such Users Could Withdraw Up To Two Bitcoins Per Day, But Now The Limit Will Be Only 0.06 Btc.

Customers Responded Immediately. Restrictions On Existing Accounts Will Be Applied In Stages From August 4 To August 23, So Those Who Have Used Binance To Store Cryptocurrency Assets Still Have Time To Withdraw Them At The Old Limits.

Whale Alert Today Reported Four Separate Transfers Of Nearly 10,000 Btc ($ 400 Million) Each From Unknown Wallets To Unknown Wallets. This Is Bullish Analyst Tracked move To Binance-linked Addresses. Subsequently, Such Transfers Are Broken Down Into Smaller Amounts For New Wallets. In The Diagram, It Looks Like This:

“Normal distribution, just much more active,” writes This is Bullish. – This is definitely due to the upcoming restrictions on the withdrawal of funds. We can observe user exodus at the blockchain level. “

Also, these events are reflected in the chart of bitcoin balances in exchange wallets, which are now near the annual minimum:

In General, Today There Is An Increased Activity Of Large Wallets. So, 12,000 Btc Were Credited To Coinbase From An Unknown Wallet, After Which, A Few Hours Later, Three Transactions With More Than 10,000 Btc Each Left The Exchange. Also Noteworthy Is The 2,400 Btc Transaction From A Verified Coinbase Wallet To A Verified Binance Wallet.

“large Volumes Of Transfers Across Coinbase Wallets,” Writes This Is Bullish. – It Looks Like The Work Of Their Protocol For The Distribution Of Previously Purchased Bitcoins. These Coins Are Not Sold In Batches, But Are Sent Out In The Most Efficient Way To New Owners. It Is These Moves That Are Neutral / Bullish. “

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