Binance Sees Largest Single-Day BTC Outflow Since November 2024

A significant Bitcoin (BTC) exchange outflow has been observed on Binance, with a net withdrawal of over 9,000 BTC on Tuesday. This is the largest single-day tally since November 2024.

CryptoQuant data shows that while Binance's daily netflows have fluctuated between positive and negative in recent months, this latest outflow stands out as particularly notable.

Ruga Research noted that when outflows of this size occur, it often indicates that someone is moving significant volumes into self-custody, reducing the available supply on exchanges.

Rei Researcher emphasized that while this development may suggest better absorption at current price levels around $65,000-$66,000, a new uptrend in BTC prices is not guaranteed and would require accompanying spot demand and volume increases.