Bitcoin outflows from Binance hit $1.1B in a day, highest in two years
- —Net BTC outflow from Binance reached $1.1 billion on September 22, the largest since September 2024
- —US spot ETFs attracted about $1 billion on September 21: IBIT $349M, ARKB $280M, FBTC $243M
- —BTC briefly topped $87,000, hitting an eight-month high
- —ERC-20 stablecoin supply fell to $143.6 billion, signaling weak inflows of fresh capital
Why it matters: Heavy exchange outflows alongside strong ETF inflows may point to coins moving to institutional hands, though analysts warn volatility risks remain.
Source: BeInCrypto RU