Bitcoin Outflows from Binance Hit Daily High Since 2023 as Price Holds Above $84,000

Key Facts

1Binance recorded a net outflow of over 13,800 BTC, marking the largest single-day withdrawal since 2023.

Binance recorded a net outflow of over 13,800 BTC, marking the largest single-day withdrawal from the exchange since 2023. According to crypto.news, this significant movement occurred while Bitcoin maintained its price position above the $84,000 threshold.

The exchange's Bitcoin reserves fell by approximately 20,000 BTC over a four-day period to reach 685,000 BTC, as the asset traded roughly 45% higher than its July levels. This trend follows Bitcoin breaking the $85,000 mark, often indicating that investors are moving assets to cold storage to reduce immediate sell-side pressure.