Exchanges see 3,632 BTC net outflow as Binance volumes slump
- —Total exchange balances stand at about 2.47 million BTC
- —Daily net outflow of 3,632 BTC; weekly outflow of 15,669 BTC
- —Binance lost 2,307 BTC in a day and 13,266 BTC in a week
- —Binance BTCUSDT volume in Europe fell 49% to $798 million
Why it matters: Sustained BTC outflows from exchanges point to accumulation off trading venues, tightening available supply.
Source: TokenPost