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Bitcoin Miners Flood Binance With 51K BTC — Is A Sell-Off Imminent?

According to on-chain trackers, bitcoin miners have moved a huge amount of coins to a major exchange in recent days, signaling a clear change in behavior that the market will watch closely. Related Reading: Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!” Reports have disclosed miner transfers totaling 51,000 BTC — worth over $5.7 billion — to Binance since October 9. That is a very large flow of supply into a place where coins can be sold quickly. Miners Move Large Amounts To Exchanges On October 11, there was a dramatic spike when miners deposited more than 14,000 BTC to Binance, a day after the market plunged and bitcoin briefly fell to $104,000, an event that wiped out nearly $20 billion in leveraged positions. Based on data, the outflow on that day was the biggest miner transfer since last July. Market participants often read such moves as a tilt from holding toward selling, and that shift can change short-term sentiment fast. Binance Data Indicates That Since October 9, Miners Have Deposited a Total of 51K Bitcoin “The deposit of 51,000 Bitcoins within seven days represents a clear shift in miner behavior from holding to selling or liquidating.” – By @ArabxChain pic.twitter.com/qSN6WGK5bu — CryptoQuant.com (@cryptoquant_com) October 16, 2025 CryptoQuant and other analytics firms caution that moving coins to an exchange does not always equal an immediate sale. Some miners may be posting bitcoin as collateral for futures, funding operational needs, or shifting reserves between wallets for bookkeeping. Still, the market tends to react quickly to visible supply flows. Traders may act on that visible movement even if the coins are not sold right away, increasing price pressure through trading behavior alone. Whales And Funds Buying The Dip Reports have shown that large buyers have been active at the same time. One new wallet reportedly purchased $110 million worth of BTC from Binance, while another fresh address bought 465 BTC (about $51 million) from FalconX. In addition, US spot Bitcoin ETFs have recorded inflows. Those buyers could soak up some of the miner-supplied coins and limit how far the price falls. Market Momentum Remains Fragile After a wild week that erased large amounts of market value, bitcoin has struggled to regain clear momentum. Based on Bloomberg data, the coin was trading near $109,000 on Oct. 17 in Singapore. Bitcoin had hit an all-time high of $126,250 on October 6, so the pullback has been sharp and fast. For the week to Oct. 12, bitcoin slid as much as 6.5%, the largest weekly fall since early March. Related Reading: Biggest Shiba Inu Burn In Months — And It Came From A Coinbase Account Analysts put a key support near $107,000. A firm break below that level could invite deeper losses, they warn. On the flip side, steady buying by large holders and continued ETF demand might keep the market from sliding much further. The tug of war is plain: miners adding potential supply versus big buyers taking the other side. Featured image from Unsplash, chart from TradingView NewsBTC

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Ripple to Raise Over $1 Billion to Purchase XRP

In a recent post on X, Crypto commentator Crypto Eri amplified a Bloomberg report indicating that Ripple Labs is leading an effort to raise at least $1 billion to purchase and hold XRP in a new digital-asset treasury. The underlying Bloomberg piece attributes the planned fundraising to people familiar with the matter and describes a structure that would house the proceeds in a special-purpose vehicle intended to amass XRP holdings . Bloomberg Reporting Ripple Labs seen leading $1 billion fundraise for $XRP stockpile. Please confirm (DYOR) Source 1 https://t.co/dE9FV6hYYI Source 2 https://t.co/zQPMilEPfe pic.twitter.com/XF3OL8ftyu — Crypto Eri ~ Carpe Diem (@sentosumosaba) October 17, 2025 Mechanics described by reporters According to Bloomberg and several outlets that followed the report, the proposed fundraising would be arranged through a special-purpose acquisition company (SPAC) to create a digital-asset treasury (DAT). The new vehicle would, in effect, aggregate outside capital to acquire XRP and could include a contribution of XRP from Ripple Labs itself into the treasury. Those reporting on the story note that descriptions and details in the article were provided by anonymous sources with direct knowledge of the transactions. Market context and coverage by industry press Coverage from industry publications framed the report against a backdrop of heightened market sensitivity following recent volatility. CoinDesk observed that the initiative, as described in Bloomberg’s reporting, mirrors structures previously used by entities that create corporate- or investor-facing vehicles to accumulate exposure to a single digital token. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Crypto-focused outlets and market news services relayed the core facts of the Bloomberg piece, noting that market response may depend on further confirmations and the eventual legal and regulatory structure of any vehicle used. Implications and what to watch If executed as described, the fundraising would represent a material, institutionally organized accumulation of XRP held in a separately managed treasury, potentially signaling a significant strategic move within the digital asset landscape. Such a development could also indicate growing institutional appetite for structured exposure to XRP . Key items for market participants and observers include formal confirmation from Ripple Labs or the SPAC sponsor, detailed disclosure of the exact mechanics governing token transfers, custody arrangements, and distribution rights, as well as the regulatory framework under which any offering would operate. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple to Raise Over $1 Billion to Purchase XRP appeared first on Times Tabloid . NewsBTC