Bitcoin Sees Its Biggest Binance Outflow Since 2023
Binance recorded its largest single-day net Bitcoin outflow since 2023, with more than 13,800 BTC leaving the exchange, according to CryptoQuant.
๐น Binance holds around 30% of the Bitcoin on exchanges accessible to investors.
๐น Its reserves dropped by 20,000 BTC in just four days, from 705,000 to 685,000 BTC.
๐ The withdrawals suggest more investors are moving BTC into self-custody, a trend often associated with long-term holding and potentially lower selling pressure.
๐ Meanwhile, investors who were waiting for lower prices may now be experiencing FOMO, fearing they could miss the next move.
#Bitcoin #BTC #Crypto #Binance
Binance recorded its largest single-day net Bitcoin outflow since 2023, with more than 13,800 BTC leaving the exchange, according to CryptoQuant.
๐น Binance holds around 30% of the Bitcoin on exchanges accessible to investors.
๐น Its reserves dropped by 20,000 BTC in just four days, from 705,000 to 685,000 BTC.
๐ The withdrawals suggest more investors are moving BTC into self-custody, a trend often associated with long-term holding and potentially lower selling pressure.
๐ Meanwhile, investors who were waiting for lower prices may now be experiencing FOMO, fearing they could miss the next move.
#Bitcoin #BTC #Crypto #Binance
