Binance Sees Over 9,000 BTC in Net Outflow... Signal of Eased Selling Pressure on Exchange

Binance recorded over 9,000 BTC in net outflow on a single day, the largest since November 2024. According to CryptQuant's analysis, Bitcoin outflows have exceeded inflows recently, with net flows alternating between inflow and outflow since early June. On the 22nd, the net outflow surpassed 9,000 BTC. Ray Research noted this trend signals eased short-term supply pressure, suggesting Bitcoin is not aggressively flowing into exchanges for potential selling. Ruga Research interpreted the large outflow as a move to self-custody, indicating significant assets are being transferred, and coins leaving the exchange do not appear as sell orders. However, some analysts caution against concluding a trend reversal, as 30-day net flows have remained volatile and this surge could reverse. Recent two-week momentum has not shown clear direction, making future flows difficult to predict.