Altcoins▼ Bearish● Important

Suspicious Binance-linked transfers spark selloff as BNB drops and bitcoin slides

TradingGain Newsroom·1h ago·29 Oct 2026, 23:24 UTC

Bitcoin and Ether tumbled as the wider crypto market fell 3.3%, after reports of suspicious multibillion-dollar transfers from Binance-linked wallets. BNB dropped 7%, a bigger fall than the broader market. Traders may see more volatility while the situation stays unclear.

BTCAt the time of writing, Bitcoin traded at $78,362 (-3.58% in 24h).Live price →

Why it matters

Reports of suspicious multibillion-dollar transfers from Binance-linked wallets are fueling uncertainty.
BNB fell 7%, well above the 3.3% drop across the broader crypto market.
Bitcoin and Ether also fell, so the selloff reached beyond exchange-linked tokens.

What to watch next

Watch for official confirmation from Binance about the transfers and whether BNB and bitcoin begin to stabilize.

BTCLive chartOpen full chart →

This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.