Binance Receives 8,200 BTC Inflow as BlackRock Adds $147M Deposit

On June 5, Binance recorded an 8,200 BTC inflow as whale transfers to exchanges intensified, extending the wave of institutional movements that began June 2. BlackRock alone deposited over 17,000 BTC and 20,000 ETH worth roughly $855 million to Coinbase Prime across three days, while the Winklevoss twins and Abraxas Capital added further exchange-bound flows. Spot Bitcoin ETFs have seen more than $2 billion in redemptions since mid-May, pushing BTC down 11-14% to the $63,000-$67,000 range and heightening short-term sell-off concerns despite ongoing institutional accumulation.