A net outflow of 9K BTC from Binance signals stronger buyer absorption at $65,000 amid rising ETF inflows.
Binance experienced its largest Bitcoin outflow in nearly two years, with a net withdrawal of 9K BTC on Tuesday. The move suggests increased self-custody activity and reduced selling pressure on the exchange, according to onchain analytics.
Daily BTC netflows on Binance have fluctuated in recent weeks, but Tuesday’s 9,000 BTC outflow marked the highest since November 2024. Analysts noted that such large withdrawals typically indicate institutional or high-net-worth investors moving assets off exchanges.
The outflow coincides with steady inflows into U.S. spot Bitcoin ETFs, reinforcing institutional demand. Bitcoin’s price has remained near $65,000, with improved buyer absorption despite sideways trading.