Binance Sees $3.3 Billion Bitcoin Exodus in Two Weeks

Binance has seen significant Bitcoin outflows over the past 15 days, with nearly 40,000 BTC, worth about $3.3 billion, leaving the exchange since September 20. At that time, Binance's reserves stood at 704,800 BTC, but they have since dropped to 663,100 BTC.

The exchange recorded 23,100 BTC in net outflows last week, marking the highest weekly level since June 2023. Additionally, another 14,300 BTC left Binance in a single day, surpassing the 13,800 BTC outflow from the previous week.

Despite these large outflows, Bitcoin is currently trading near $85,416, down slightly by 0.4% as it consolidates above $83,000.