Bitcoin Price Falls Below $83K Amid Record Binance Outflows

Bitcoin's price has fallen below $83,000 as investors continue to move large amounts of BTC away from Binance, the world's largest crypto exchange. Over 13,800 BTC worth around $1.16 billion left Binance in a single day, marking its biggest daily outflow since 2023.

This trend is not limited to Binance alone, with more than 31,780 BTC worth around $2.52 billion reportedly leaving centralized exchanges over the past week.

According to CryptoQuant analyst Darkfost, BTC has gained around 45% since its July high and recently broke above the key $82,000 level, staying above it for several days.