- Binance net Bitcoin outflows hit 23,137 BTC in the fourth week of September, the highest in over three years.
- CryptoQuant says exchange withdrawals signal accumulation and could push Bitcoin out of its consolidation phase.
- Binance Bitcoin reserves have dropped by nearly 40,000 BTC since Sept. 20.
- Whale stablecoin inflows to Binance rose 40% from mid-August, reaching $30.5 billion by late September.
In the fourth week of September, Binance recorded its largest weekly net Bitcoin outflow in over three years, with 23,137 BTC exiting the exchange in seven days, according to data from onchain analytics platform CryptoQuant. The weekly total marked the biggest outflow since June 2023, when Binance’s balance dropped by 44,942 BTC in a single week.
CryptoQuant said the withdrawals signal accumulation rather than sell-side pressure. “The more BTC leaves a widely accessible platform like Binance, the stronger the signal that accumulation is taking place,” the firm wrote in a blog post.
Binance’s reserves have fallen by nearly 40,000 BTC since Sept. 20. CryptoQuant added: “Combined with fading sellers, this accumulation could be enough to push Bitcoin out of this consolidation phase fairly quickly.”
BTC/USD has traded between $82,500 and $87,400 since Sept. 21, with resistance near the 2026 yearly open at $87,570. Meanwhile, large whale entities raised their rolling 30-day stablecoin inflows to Binance by 40% between Aug. 15 and the end of September, from $21.7 billion to $30.5 billion, according to separate data.
The exchange stablecoin build-up represents “dry powder” ready for deployment into cryptoassets. CryptoQuant noted that inflows had previously receded from an October 2025 peak exceeding $61 billion.
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