Nearly $3.3B Bitcoin Exits Binance as Outflows Hit 3-Year High
Image: U.TodayNearly 40,000 Bitcoin worth roughly $3.3 billion has left Binance between late September and October 5. Weekly net outflows from the exchange hit 23,100 BTC, the highest level since June 2023. A single day saw 14,300 BTC withdrawn, the largest daily outflow recorded on Binance. The exchange's total Bitcoin reserves dropped from 704,800 BTC on September 20 to around 663,100 BTC as of October 5.
Key points
- Binance's weekly net BTC outflows hit 23,100, the highest level since June 2023.
- A single day saw 14,300 BTC withdrawn from Binance, the largest daily outflow on record.
Why it matters
Sustained large Bitcoin outflows reduce Binance's exchange-held BTC reserves, which can impact the platform's trading liquidity. On-chain supply tracking metrics will also reflect the shift of BTC from exchange to private wallets.
Price context · BTC
At publication
$86,249.00
Now
$86,109.00
Change since
−0.16%
7 days · dashed line = publication
Sources · 2 publishers
Coinpedia
Tier 3
Bitcoin Accumulation Builds as $3.3B Leaves Binance Exchange
U.Today
Tier 2
$3.3 Billion Bitcoin Exit: Outflow on Binance Hits Three-Year High
Coverage timeline
- First reported by Coinpedia
- Confirmed by U.Today
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 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
