Market News / Story
Binance BTC outflows hit highest since mid-2023 as whales deposit stablecoins
Cointelegraph ·
Cointelegraph reports: Bitcoin (BTC) outflows from largest crypto exchange Binance set multiyear records in late September, new analysis reveals. Key points: Binance net Bitcoin outflows passed 23,000 BTC in the fourth week of September, their highest in over three years. CryptoQuant analysis saw better odds of breaking out of its current range as a result. Whales increased stablecoin inflows to Binance by 40% since mid-August. Binance Bitcoin reserves fall by nearly 40,000 BTC since Sept.…