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$3.3B in Bitcoin Leaves Binance in 15 Days as Outflows Hit 3-Year High
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Nearly 40,000 BTC, worth about $3.3 billion, has left Binance since Sept. 20, when its reserves stood at 704,800 BTC. Reserves have since fallen to 663,100 BTC. Binance recorded 23,100 BTC in net outflows last week, the highest weekly level since June 2023. Another 14,300 BTC left the exchange in a single day, exceeding the 13,800 BTC outflow recorded the previous week. Bitcoin is currently trading near $85,000.
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