CoinTelegraph

Whale Move? Binance Sees Massive BTC Outflow as US ETFs Absorb Supply

July 22, 202608:55 AM
Whale Move? Binance Sees Massive BTC Outflow as US ETFs Absorb Supply

A major shift in liquidity is underway as Binance recorded its largest net Bitcoin outflow in nearly two years. On-chain data from CryptoQuant reveals that daily BTC withdrawals from the world's largest exchange are significantly outpacing inflows, marking a pivotal moment for market structure.

This massive outflow from Binance aligns with a growing trend of positive inflows into US spot Bitcoin ETFs, suggesting a migration from centralized exchanges to institutional custody. As buyers show 'better absorption' at the $65,000 level, the market is bracing for a potential surge in serious trading volume and price volatility.

Binance set multi-month records for net BTC outflows on Tuesday, adding to an emerging trend of positive inflows to the US spot Bitcoin ETFs. Bitcoin buyers are showing “better absorption” at the $65,000 support level following the exchange's largest net outflow in nearly two years.

New research from the on-chain analytics platform CryptoQuant confirms that daily BTC withdrawals from the world’s biggest exchange are outpacing inflows. This trend suggests that while assets are leaving centralized platforms, they are being absorbed by institutional vehicles, potentially reducing available exchange supply.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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