Techub News, citing CoinPedia, reported that nearly 40,000 Bitcoin have left Binance since Sept. 20, with the outflow valued at about $3.3 billion based on the figures in the report. Over the same period, the exchange’s Bitcoin reserves fell from 704,800 BTC to 663,100 BTC.
The report also said Binance posted a net outflow of 23,100 BTC last week, the exchange’s highest single-week level since June 2023. At one point, daily outflows reached 14,300 BTC.
The figures point to a sharp reduction in Bitcoin held on the platform over a 15-day span. No additional explanation for the moves was provided in the source material.
Nearly 40,000 BTC have left Binance since Sept. 20, according to Techub News, which cited CoinPedia. The report said the outflow was worth about $3.3 billion, while Binance’s Bitcoin reserves dropped from 704,800 BTC to 663,100 BTC.
Binance also recorded a net outflow of 23,100 BTC last week, the highest single-week level since June 2023. Daily outflows at one point reached 14,300 BTC.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
