$500 Million USDT Leaves Binance in One Shot as Bitcoin Price Recovers to $65,000 - U. Today
Cover image viadepositphotos. comDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U. Today. The financial and market information provided on U. Today is intended. . .
Cover image viadepositphotos. comDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U. Today. The financial and market information provided on U. Today is intended for informational purposes only. U. Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. As the sentiment on the crypto market continues to change by the hour, on-chain trackerWhale Alertrecorded the transfer of exactly 500,000,000 USDT from Binance's hot wallet to a secure address belonging directly to Tether Treasury. The massive transfer coincided with an important technical moment, asBitcoin had just staged a local reboundand moved close to the psychological $65,000 mark, with the price reaching $64,964 on the Bitstamp spot chart. Stablecoin inflows to centralized exchanges usually indicate readiness to buy, while the sudden withdrawal of half a billion USDT back to Tether's treasury may initially appear to represent a loss of immediate liquidity. HOT StoriesHowever, there is no panic in the spot market. With Bitcoin currently attempting to break above $65,000, the most likely reason for the transaction is a routine technical cross-chain swap. The exchange is likely returning excess tokens on the ERC-20 Ethereum network in order to quickly receive the exact same amount on faster and cheaper networks to meet traders' growing margin demand. What Bitcoin's technical picture revealsThe latest 5-minute intraday BTC/USD chart shows thatBitcoin has found strong support. The main trading volume, or Point of Control (POC), formed firmly at $64,102, and the price rebounded upward precisely from this critical horizontal level. Bitcoin intraday price chart as of July 30 2026, Source:TradingViewYou Might Also LikeAt the same time, the RSI momentum indicator moved out of the local oversold zone below 20 and comfortably entered the neutral range between 40 and 60. This shift indicates that bearish pressure has weakened noticeably, while near-term momentum has gradually shifted back toward buyers. The withdrawal of a large amount of USDT did not slow the current price advance. The broader market absorbed the transaction without sharp volatility fluctuations, whileBitcoincontinues to hold firmly near the upper boundary of its local trading range.