Bitcoin Holds Above $83,000 Following Multi-Billion-Dollar Exchange Outflows Led by Binance

Bitcoin traded near $83,897 as massive centralized exchange withdrawals depleted liquid trading reserves. Across a one-week span, centralized platforms logged roughly 31,782 BTC in net outflows, spearheaded by Binance losing 20,000 BTC over four days as reserves dropped from 705,000 to 685,000 BTC. The drawdown was driven by a single-day outflow exceeding 13,800 BTC ($1.15 billion), marking Binance's largest daily exit since 2023. These outflows coincided with sustained institutional inflows into U.S. spot Bitcoin ETFs, easing immediate liquid sell-side pressure while futures traders maintained a 59.8% long bias.