Crypto
Binance Sees Largest Bitcoin Exodus Since 2023 Amid Price Surge
Bitcoin has seen its largest single-day net outflow from Binance since 2023, with over 13,800 BTC leaving the exchange in a single day this week. This marks a significant shift in investor behavior as prices hold above $84,000.
The seven-day average netflow for Binance has fallen to approximately -2,000 BTC, indicating that withdrawals have consistently outweighed deposits over the past week.
CryptoQuant analyst Darkfost notes that this outflow is a positive development for the market, as investors choosing to withdraw Bitcoin from exchanges typically signal an intention to hold for the longer term.