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Binance BTC Outflow Hits 3-Year High Amid Bull Market Speculation

Guavy AI Editorial Team
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A significant outflow of Bitcoin from Binance has sparked speculation about a potential bull market. According to CryptoQuant, over 13,800 BTC left the exchange on September 25, marking its largest daily outflow since early 2023.

Binance's Bitcoin reserves dropped by around 20,000 BTC in four days, from 705,000 BTC to 685,000 BTC. This move is seen as a sign of accumulation and renewed FOMO (fear of missing out) among investors.

The Bitcoin price has been recovering, gaining roughly 45% from its July level. However, the market remains at a key juncture, with strong institutional demand offset by overhead supply and periodic profit-taking.

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