Binance Bitcoin outflows reach a three-year high, 40,000 BTC has been withdrawn
2026-10-06 20:21:43
CoinMeta data: According to U.Today, the outflow of Bitcoin from Binance has reached a three-year high, with nearly 14,300 BTC being withdrawn in a single day, setting a new record for the largest daily net outflow in the exchange's history. The outflow over the past 24 hours exceeded last week's figure of 13,800 BTC. Despite market price fluctuations, whale investors' confidence in Bitcoin's potential has increased, leading to a continuous rise in outflows. Last week, Binance recorded a net outflow of 23,100 BTC, worth about $1.4 billion, which is the highest weekly outflow since June 2023. Since September 20th, the Bitcoin reserves at Binance have decreased from 704,800 BTC to 663,100 BTC, with approximately 40,000 BTC (worth about $3.3 billion) being withdrawn within two weeks.
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Source:U.Today
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