Bitcoin Outflows From Binance Hit a Three-Year High
More than 13,800 bitcoin:native left Binance on Sept. 22, according to CryptoQuant data. This marked the exchange’s largest single-day Bitcoin outflow since 2023.
Binance’s reserves also fell from about 705,000 BTC to 685,000 BTC. The 20,000 BTC decline happened over just four days.
CryptoQuant analyst Darkfost linked the withdrawals to renewed accumulation and possible FOMO.
Source: CryptoQuant