Binance Bitcoin Reserves Drop by Roughly 41,700 BTC Amid Surging Outflows

Bitcoin reserves on Binance have fallen to 663,100 BTC, down from 704,800 BTC recorded on September 20. Over the 15-day span, approximately 40,000 BTC valued at around $3.3 billion moved off the exchange, reflecting an aggregate drop of roughly 41,700 BTC. Weekly net outflows reached 23,100 BTC—approximately $1.4 billion—marking the highest weekly level since June 2023. Additionally, a single-day net outflow of roughly 14,300 BTC occurred on October 6, reaching a three-year high as Bitcoin consolidates near $85,000.