Binance sees largest BTC outflow since 2023 amid market FOMO
- —Single-day outflow from Binance topped 13,800 BTC, the most since 2023
- —Binance reserves dropped from 705,000 to 685,000 BTC in four days
- —Weekly average net outflow is about 2,000 BTC
- —BTC has gained roughly 45% since July, holding above the May high of $82,000
Why it matters: Coins leaving exchanges reduce potential sell pressure and point to self-custody, a signal typically viewed as bullish for the market.
Source: PANews