Bitcoin Exchanges See $2.52 Billion Outflows as Spot ETFs Draw Sustained Institutional Demand

Major cryptocurrency exchanges logged $2.52 billion in net Bitcoin outflows between Sept. 22 and Sept. 24, signaling substantial spot supply removal despite price dipping from roughly $87,400 toward $84,000. Binance led the withdrawals, including $1.19 billion on Sept. 22. Meanwhile, spot Bitcoin ETFs absorbed $1.25 billion over the same three-day period, pushing aggregate net assets to $108.92 billion and expanding six-day ETF inflows to $2.8 billion. Concurrently, derivatives leverage cooled as aggregate open interest dropped from above $31 billion to $28.58 billion and funding rates eased to 0.0031.