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TRX Node operator says long-term holders barely moved BTC after Binance hot wallet drain
A Reddit r/Bitcoin poster who says they run a hand-built full node reports on-chain activity in the 12 hours after the Binance hot wallet was drained, from 20:15 UTC Oct 29 to 08:15 UTC Oct 30. They claim 99.94% of long-term holders' 16.3M BTC did not move and that 94% of the BTC that moved had been held under 5 months. The post also states coins under a month old realized about $294M in losses and coins held a year or more realized about $119M. No independent confirmation is cited in the post.
Why “Rumor”
- Only community or trader posts: r/Bitcoin
0 independent source groups across 1 post · evidence score 9/100. How labels work
Market around the story
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BTC
Still being measured. The price reaction is recorded six hours after the first report, around .
What the sources claim
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The poster says the Binance hot wallet was drained starting at 20:15 UTC on Oct 29. BTC
“after the Binance hot wallet was drained (20:15 UTC Oct 29 to 08:15 UTC Oct 30)”
r/Bitcoin -
The poster claims 99.94% of long-term holders' 16.3M BTC did not move in the 12 hours after the drain. BTC
“99.94% of their 16.3M BTC didn't move”
r/Bitcoin -
The poster claims 94% of the BTC that moved had been held under 5 months. BTC
“94% of the BTC that moved had been held under 5 months”
r/Bitcoin -
The poster claims coins held 1 day to 1 month moved 63,317 BTC, the most of any half-day in the past 30 days. BTC
“Coins held 1 day to 1 month moved 63,317 BTC, the most of any half-day in the past 30 days”
r/Bitcoin -
The poster claims coins under a month old realized about $294M in losses. BTC
“Coins under a month old realized about $294M in losses”
r/Bitcoin -
The poster claims coins held 1 year or more realized about $119M. BTC
“Coins held 1 year or more realized about $119M”
r/Bitcoin
Sources
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-30 17:20 UTC. Labels are computed from the sources, not by the model.