According to TheDataNerd, institutions have been withdrawing bitcoins from CEX recently. Cumberland and Ceffu today transferred 300 and 246.33 BTC from Binance, respectively, worth $18.36 million and $14.99 million. Previously, it was reported that Cumberland has received about 1.46 billion USDT from Tether in half a month (August), which has set a record high, especially when Bitcoin was at a low of $49,000.