Markets· ★★★★· bullish·

Bitcoin Exchange Outflows Hit $2.52B in Three Days, Led by Binance

  • —Combined outflows from Binance, Coinbase, Kraken and Bitfinex reached $2.52B over September 22-24
  • —September 22 outflows totaled $1.574B, with Binance accounting for $1.19B
  • —Binance saw over 13,800 BTC net withdrawn in a single day, the most since 2023
  • —Binance's BTC reserves fell by about 20,000 to 685,000 coins
Why it matters: Shrinking exchange supply points to an accumulation phase and could support prices if spot demand holds.
#BTC
Source: Cryptonews.net
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