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Bitcoin exodus from Binance: 20K BTC withdrawn in just seven days

May 9, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Fast Take

Binance halted withdrawals final week as a result of surge in miner charges and is now choices such because the Bitcoin lightning community.
There have been experiences on Twitter with important outflows from Binance, however this was confirmed as inside pockets actions.
Nevertheless, with knowledge from Glassnode, we are able to now see that 20,000 Bitcoin have left Binance previously seven days.
That is the fourth largest withdrawal interval previously two years, solely eclipsed by the FTX collapse and the China mining ban in the summertime of 2021.
Each instances had been at native worth bottoms.

Binance Exchange Balance: (Source: Glassnode)
Binance Alternate Stability: (Supply: Glassnode)

The publish Bitcoin exodus from Binance: 20K BTC withdrawn in simply seven days appeared first on CryptoSlate.

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Tags: 20kBinanceBitcoinBTCDaysExodusWithdrawn
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