Galaxy Digital deposits $16.9M in BTC to Binance

An address presumed to belong to Galaxy Digital deposited 245 BTC, worth $16.91 million, to Binance an hour ago, The Data Nerd reported. The same address has deposited a total of 1,680 BTC, valued at $150 million, over the past seven months. Transfers to exchanges are typically interpreted as an intention to sell.