Binance Sees Record-Breaking Bitcoin Outflow Amid Price Rally
Binance, one of the largest cryptocurrency exchanges, saw its largest Bitcoin outflow since 2023. According to CryptoQuant analyst Darkfost, over 13,800 BTC left Binance in a single day on September 25.
This move comes as Bitcoin trades near $84,000, with Binance's exchange reserves falling sharply over the same period. In four days, Binance's Bitcoin reserves dropped from 705,000 to 685,000 BTC, a decline of roughly 20,000 BTC.
Darkfost linked the outflow to renewed FOMO (Fear of Missing Out) among latecomer investors, who were expecting Bitcoin to drop further. He noted that sustained accumulation during a rising market often reduces the BTC available on exchanges for immediate sale.