Binance BTC outflows hit highest since mid-2023 as whales deposit stablecoins

Binance BTC outflows hit highest since mid-2023 as whales deposit stablecoins

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin (BTC) outflows from largest crypto exchange Binance set multiyear records in late September, new analysis reveals.

Key points: Data from onchain analytics platform CryptoQuant shows that in the seven days through Sept.

27, Binance’s net outflow reached 23,137 BTC.

On a weekly basis, the total marked Binance’s largest outflow since June 2023, when its BTC balance dropped by 44,942 in a single week.

While last month saw merely half this amount, CryptoQuant sees similar conditions sparking both withdrawal runs.

“The more BTC leaves a widely accessible platform like Binance, the stronger the signal that accumulation is taking place.

Withdrawing BTC from an exchange is a longer-term investment behavior, and therefore a positive signal,” it wrote in a blog post.

In June 2023, BTC/USD went from $26,300 to $30,500 in the weekly candle that followed the Binance outflows, seeing new 12-month highs as part of its recovery from the 2022 bear market.

A similar accumulation pattern, CryptoQuant continued, is also reflected in Binance’s reserves dropping by nearly 40,000 BTC since Sept.

Analiz: Piyasa hareketliliği devam ediyor.