Binance Sees Record Single-Day BTC Outflow Since 2023

According to analysis by Darkfost, Binance has experienced significant Bitcoin outflows during the recent price rally, with a record single-day net outflow exceeding 13,800 BTC. Over the past week, the exchange saw an average daily net outflow of approximately 2,000 BTC, and its total BTC reserves dropped from 705,000 to 685,000 over four days. Analysts suggest this trend indicates a shift toward self-custody and long-term holding, potentially reducing immediate sell pressure on the exchange, while also reflecting FOMO among investors who were previously waiting for a price dip.