Binance saw a net outflow of 9,030 BTC yesterday, the largest single-day BTC net withdrawal from the exchange in nearly five months, according to monitoring data from Ruga Research. At current prices, the outflow was valued at about $589 million. The data also showed that Binance’s 30-day BTC net flow momentum indicator has recovered from roughly -21% to 0. Over the past year, each time the indicator moved from negative territory back toward zero, BTC prices went on to rise further. The figures point to a notable change in exchange flow conditions, with the latest withdrawal size standing out against recent months. Ruga Research’s dataset highlighted both the scale of the one-day outflow and the shift in the 30-day momentum reading.
Binance recorded a net outflow of 9,030 BTC yesterday, marking the exchange’s largest single-day BTC net withdrawal in nearly five months, according to monitoring data from Ruga Research.
At current prices, the outflow was worth about $589 million. The data also showed that Binance’s 30-day BTC net flow momentum indicator recovered from around -21% to 0.
Over the past year, BTC prices moved higher each time that indicator repaired from negative territory to around zero.
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