The post Binance Records Largest Bitcoin Outflow Since 2023 appeared first on Coinpedia Fintech News
Bitcoin’s rally has coincided with heavy BTC outflows from Binance. The exchange recorded more than 13,800 BTC in net outflows in a single day, its largest since 2023. Over four days, Binance’s BTC reserves fell from 705,000 to 685,000 BTC. Weekly netflows have averaged about -2,000 BTC. The decline in exchange-held Bitcoin may reduce available …