Binance Sees Record Single-Day Bitcoin Outflow of Over 13,800 BTC

Binance recorded a net outflow of over 13,800 Bitcoin, the largest single-day drop since 2023, valued at approximately $1.15 billion at the time. Over four days, the exchange's reserves fell by about 20,000 BTC, worth roughly $1.66 billion. Analysts suggest this may reflect a broader trend of self-custody by investors, though institutional movements and internal wallet management could also be factors. Bitcoin is currently trading above $83,000 following a recent correction.