Binance Bitcoin Outflows Surge Amid Stablecoin Inflows
2026-10-06
Binance has experienced its highest Bitcoin outflows since mid-2023, with nearly 40,000 coins leaving the exchange since September 20. This trend coincides with an increase in stablecoin deposits from large holders, often referred to as "whales."
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Binance has seen its highest Bitcoin outflows since mid-2023, with nearly 40,000 coins leaving the exchange. This trend is happening at the same time as an increase in stablecoin deposits from large holders, suggesting a repositioning by significant market participants.
Key facts
- Binance has experienced significant Bitcoin outflows starting September 20.
- Approximately 40,000 Bitcoin coins have left the exchange.
- This outflow is the largest observed since mid-2023.
- There has been an increase in stablecoin deposits into whale wallets on the exchange.
- These movements suggest a strategic repositioning by large market participants.
Source: CoinTelegraph
Reported by VERA Newswire.
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