Binance saw a sharp -13,878 $BTC net outflow on Sept. 22, just one day after Bitcoin peaked at $86,600.
Network-wide realized profit also jumped $429.77M, pointing to notable profit-taking around the local high.
Binance netflow was 601% below its 90-day average and 361% below its 30-day average — a significant deviation.
The move came after the Sept. 16 FOMC rate cut and amid continued dollar weakness, though timing alone doesn’t prove causation.
One possible explanation: holders moved BTC off Binance into cold storage or OTC settlement after the price spike.
#Bitcoin #BTC #Binance #BTCUSD #OnChain
Network-wide realized profit also jumped $429.77M, pointing to notable profit-taking around the local high.
Binance netflow was 601% below its 90-day average and 361% below its 30-day average — a significant deviation.
The move came after the Sept. 16 FOMC rate cut and amid continued dollar weakness, though timing alone doesn’t prove causation.
One possible explanation: holders moved BTC off Binance into cold storage or OTC settlement after the price spike.
#Bitcoin #BTC #Binance #BTCUSD #OnChain
