Large Bitcoin Outflows Hit Binance as Price Holds Above $83K
Image: Bitcoin.com NewsOn September 22, Binance recorded 13,800 BTC in net outflows, its largest single-day outflow since 2023 per Cryptoquant data. Over four days, the exchange's bitcoin reserves fell roughly 20,000 BTC to 685,000, worth around $1.66 billion. Binance holds an estimated 30% of bitcoin available on investor-accessible exchanges. On September 29, BTC traded between $83,000 and $84,000, above its 20-day, 50-day and 200-day moving averages. On-chain analyst Darkfrost tied the outflows to a broader accumulation trend.
Key points
- Binance saw 13,800 BTC in net outflows on September 22, its largest single-day outflow since 2023
- Binance's bitcoin reserves fell roughly 20,000 BTC to 685,000 over four days, worth around $1.66 billion
- Binance holds an estimated 30% of bitcoin available on investor-accessible crypto exchanges
Why it matters
Large exchange outflows may signal investors are moving BTC to self-custody or long-term storage, reducing near-term exchange selling pressure. The price holding above key moving averages suggests current demand is supporting the asset.
Price context · BTC
At publication
$83,073.00
Now
$83,073.00
Change since
+0.00%
7 days · dashed line = publication
Sources · 3 publishers
Bitcoin.com News
Tier 2
Binance Sees 13,800 BTC Exit in a Day as Bitcoin Price Holds Above $83K
Blockonomi
Tier 3
Bitcoin (BTC) Price: 13,800 BTC Leave Binance in One Day
Coverage timeline
- First reported by Coinpedia
- Confirmed by Bitcoin.com News
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
