Binance Sees Largest Daily Bitcoin Outflow Since 2023

This reduces visible exchange supply and could lessen near-term selling pressure if withdrawn coins move into private or institutional custody.

Overview

CryptoQuant data showed Binance recorded more than 13,800 BTC in net withdrawals in a single day on Friday, and roughly 20,000 BTC left its reserves over four days.
Analyst Darkfrost flagged the reading as Binance’s biggest one-day outflow since 2023 and said the exchange now holds about 30% of the Bitcoin available across accessible trading venues.
The withdrawals lowered Binance’s reported reserves from roughly 705,000 BTC to about 685,000 BTC over the recent four-day stretch, reducing the amount of Bitcoin immediately available to trade on the platform.
Netflow figures do not reveal where coins went or why, and transfers may reflect private custody, other exchanges, institutional custodians, or internal wallet moves rather than straightforward accumulation.
The outflows came as Bitcoin rose about 45% since July and traded near $84,000, with U.S. spot BTC ETFs recording $346.98 million of inflows on Sept. 23, and they build on a 2026 trend of lower exchange reserves that could change market liquidity dynamics.