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Massive Bitcoin Outflow From BitMEX Following Closure Notice A newly created wallet withdrew 468.30 $BTC, valued at approximately $29.88M, from BitMEX. This transaction represents the first outflow exceeding $10M since the exchange issued its formal closure announcement. Data show capital moving into a new on-chain address, signaling a high-priority... show more
23,848 views • 2 months ago •via X (Twitter)
10 Comments
@BitMEX Huge outflows prove traders are moving fast to clear BitMEX balances. Secure your funds first, but getting onboarded on MEXC is your absolute best decision. New users capture up to 600% APR on Earn alongside a 10k USDT perk with real stocks like $NVDA and $MU.
@BitMEX Deposit on XeggeX
@BitMEX watching the movement closely
@BitMEX Yes, everyone should withdraw out their $BTC and other assets. I'm trading on @MEXC right now, as a new user, my USDT is currently yielding up to 600% APR, same with $BTC, this is new user exclusive. Don't miss out if you're a new users.
@BitMEX News like this is a good reminder that transparency matters. Being able to verify reserves independently is something every trader should value. That's one reason @Toobit_official's Proof of Reserves stands out
@BitMEX Capital movement tells a story before price does. Let's wait and see where this liquidity goes next.
@BitMEX Large outflows from exchanges often mean one thing: investors prefer self-custody over selling. It doesn’t guarantee a rally, but it’s usually a stronger signal than panic selling. 👀 #Bitcoin #BTC
@BitMEX Massive
@BitMEX Large exchange outflows are always worth watching, especially after a closure announcement. Whether it’s precautionary custody or a broader shift in liquidity, the on-chain activity will be worth monitoring. @btcfoxx is a great follow for thoughtful Bitcoin updates
@BitMEX já vi exchange que fecha e uma wallet nova suga tudo em minutos, mas 468 BTC assim na primeira janela pós-anúncio é saída de quem tava esperando o último suspiro pra sacar
![$VEX | Project:VEX dumped tokens and extracted nearly $1.5M from users 👇👇 I’m pretty busy and tbh I didn’t really want to get involved in this drama, but the $VEX founder has asked me many times for proof that tokens were being sold. So I went back onchain and checked how these transactions actually work. [1] Why you can’t find the sell txs from the From wallet With a normal wallet, the flow is simple: EOA wallet → DEX → sell, so checking the From address usually shows the trading history directly. But some of the $VEX wallets I checked use a different setup, where the address shown in From is only a Bundler. The actual transaction can be executed through a Smart Account behind it, which means the visible From wallet may show almost no $VEX buy/sell history. Think of it like this: Bundler = delivery driver, Smart Account = the person deciding where the package goes. [2] How Smart Accounts work A normal EOA wallet works like: Private key → Wallet → DEX A Smart Account setup can look more like: Owner key / passkey / multisig → Smart Contract Wallet → Execution contract → DEX / bridge / app So if you only check the visible From wallet, you are only seeing the outer layer of the transaction. The real token movement can happen behind it through Smart Accounts, execution contracts and liquidity pools. [3] This is what I found when tracing $VEX Instead of stopping at the From address, I checked ERC-20 Transfer logs, Approval logs, Smart Accounts, Bundlers, execution contracts and liquidity pools. Once you follow the full path, the $VEX sell activity is there: token leaves the Smart Account, part goes to fees, and the rest gets routed into liquidity pools and swapped into other assets. So when someone says “show me the wallet selling $VEX,” checking only the Bundler wallet is basically useless. You need to trace the entire execution path. [4] Then I checked the top PnL wallets I quick checked around 100 of the highest PnL wallets around $VEX, and many of them show similar behavior. They were active around $VEX from very early on, traded continuously, used Bundler/Smart Account execution and ended up with very high PnL. From my quick calculation, the combined PnL of the wallets I checked is already close to $1.5M. That is a lot of money extracted from the market while users were still buying and holding $VEX. I’m still tracing these wallets one by one, so I’m not saying every address is already confirmed to belong to the team/MM. But the sell activity itself is onchain. [5] And don’t forget the 1% transaction fee $VEX also charges around 1% transaction fee, and with the volume the token generated, the fee side alone could be worth around $2M based on my estimate. So potentially we are looking at around $1.5M PnL from these wallets + around $2M from transaction fees. If the team thinks my wallet analysis is wrong, the answer is simple: public the team wallets, MM wallets, treasury wallets and fee wallets. Then everyone can compare them directly onchain. Send this sh*t to 0.](https://image.24vids.com/tw-2103130254151991540/amplify_video_thumb/2103130176511184896/img/_PDgOdFYuPqIYn1F.jpg)
