🛸 CASE FILE #192
Bitcoin Is Leaving Binance at the Fastest Pace Since 2023.
Binance recorded a 13,800 $BTC single-day net outflow, its largest since 2023, according to CryptoQuant. Exchange reserves also reportedly fell by roughly 20,000 BTC in four days, from 705,000 to 685,000 BTC.
Large withdrawals can indicate coins moving toward self-custody or longer-term storage, reducing the amount immediately available for sale. But exchange outflows alone do not prove investors intend to hold long term.
Less Bitcoin on exchanges. More Bitcoin moving off the market.
Bitcoin Is Leaving Binance at the Fastest Pace Since 2023.
Binance recorded a 13,800 $BTC single-day net outflow, its largest since 2023, according to CryptoQuant. Exchange reserves also reportedly fell by roughly 20,000 BTC in four days, from 705,000 to 685,000 BTC.
Large withdrawals can indicate coins moving toward self-custody or longer-term storage, reducing the amount immediately available for sale. But exchange outflows alone do not prove investors intend to hold long term.
Less Bitcoin on exchanges. More Bitcoin moving off the market.
