Analysis shows that Bittrex “transfers” $ 425 million in Bitcoin as its internal operation

According to Beijing Lian'an analysis, the so-called huge amount of BTC flowing into the Bittrex exchange at 18:11 pm on February 4th, Beijing time was only a “return” to the cold wallet after its coin operation, that is, Bittrex first started with its 3FDWNd. The cold wallet address of nearly 50,000 BTC UTXO transferred 250 BTC to the coin hot wallet, at the same time transferred the remaining huge BTC to the new address, and then re-transferred it to the cold wallet address beginning with 3FDWNd, and both transactions were Hit a block. This is a normal strategy of Bittrex exchange itself, and investors do not need to explain it too much.