Ceffu, the custody branch of Binance, has made headlines with its recent Bitcoin (BTC) 
$98,290 transactions. On October 10 and 11, the platform accumulated Bitcoin and transferred 1,133 BTC to Binance, resulting in a profit of approximately $3.66 million. This activity has positioned Ceffu prominently in the cryptocurrency landscape.
Ceffu Takes Action to Accumulate Bitcoin
According to Lookonchain data, Ceffu purchased a total of 1,988 BTC (approximately $120.88 million) on October 10 and 11, when Bitcoin’s price was $60,815. These purchasing actions indicate that the platform strategically accumulated BTC at lower prices.
The recent 3.2% increase in Bitcoin’s price has also captured market attention. Following this rise, Ceffu transferred 1,133 BTC (valued at $72.57 million) to Binance, further accelerating market activity. During the transfer, Bitcoin’s unit price had reached $64,047.
Ceffu Reports $3.66 Million Profit
Lookonchain revealed that following Ceffu’s recent move, the platform realized a profit of approximately $3.66 million from its Bitcoin transactions. This transfer of 1,133 BTC to Binance demonstrates Ceffu’s effectiveness in its trading strategy.
These transactions reflect Ceffu’s successful trading strategy, focusing on straightforward actions rather than complex maneuvers. By accumulating Bitcoin at lower prices and selling as prices rise, they enhance profitability.
Ceffu’s recent activities have strengthened the market presence of both Binance and itself. As Bitcoin price fluctuations continue, large-scale transactions like this will be closely monitored by market participants.
According to CoinMarketCap data, Bitcoin was trading at $63,811 with a 3.46% increase in the past 24 hours at the time of this report. The data also indicated an 88.81% increase in transaction volume, rising to $30.34 billion. Experts suggest that market activity will intensify following the opening of the U.S. trading session at 16:30.
