Binance just recorded its biggest single-day $BTC net outflow since 2023.

Over 13,800 BTC left the exchange.

And its reported reserves fell from around 705K BTC to 685K in just four days.

That’s roughly 20,000 BTC leaving Binance in less than a week.

Some of this could simply be users moving coins into self-custody, so I wouldn’t automatically call every withdrawal “accumulation.”