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Binance Bitcoin Reserves Drop by About 40,000 BTC in 15 Days
The exchange recorded a weekly net outflow of 23,100 BTC, its largest since June 2023.
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Binance recorded a net outflow of about 40,000 Bitcoin (BTC) over 15 days as its reported reserves fell to 663,100 BTC.
The reserve balance declined from 704,800 BTC to 663,100 BTC. The difference between those figures is 41,700 BTC; the period’s net outflow was described as about 40,000 BTC.
The exchange’s weekly net outflow reached 23,100 BTC, its largest weekly figure since June 2023. On Oct. 6, the daily net outflow was about 14,300 BTC, the highest level in three years.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.