CryptoQuant: Bitcoin outflows from Binance hit 23,137 BTC in a week, highest since 2023
- —Weekly net outflow from Binance reached 23,137 BTC, the most since June 2023
- —More than 40,000 BTC has left the exchange since Sept. 20
- —Stablecoin inflows rose 40%, from $21.7 billion to $30.5 billion
- —CryptoQuant: outflows could push BTC out of its $82,500–87,400 range
Why it matters: Rising exchange outflows and stablecoin reserves signal accumulation and buying power, which could help bitcoin break out of its recent trading range.
Source: Uzmancoin