On September 22, Binance experienced a net outflow of over 13800 bitcoins worth approximately $1.15 billion, setting a record for the largest single day net outflow since 2023. Binance's Bitcoin reserves decreased from approximately 705000 to approximately 685000 within 4 days, a decrease of approximately 20000, valued at approximately 1.66 billion US dollars. Darkfrost stated that the outflow of Binance Bitcoin belongs to a broader accumulation trend, and some investors choose to self manage Bitcoin. The related outflow may also be related to institutional custody, internal wallet management, and other operational arrangements. Bitcoin currently remains in the range of $83000 to $84000. (Source: Bitcoin.com News)
