Binance sees largest Bitcoin inflow since SEC lawsuit
![](https://cryptonewswire.org/wp-content/uploads/2023/06/insights-binance-inflow.jpg)
Quick Take
- Binance saw its largest inflow into the exchange yesterday since the SEC lawsuit, driven by a large whale, almost 3,500 Bitcoin ($66 million).
- This event raises questions as to why a large whale would deposit such a significant amount of Bitcoin while the exchange is currently facing a lawsuit with the SEC.
- Since the lawsuit began, nearly 40,000 Bitcoin have left Binance. However, this is a relatively small amount considering the exchange currently holds approximately 663,000 Bitcoin (roughly $17.35 billion.)
![Netflow: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/06/Binan.png)
![Binance exchange: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/06/binance11.jpg)
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