Binance Bitcoin Reserves Drop to 685,000 BTC Following $1.16 Billion Single-Day Outflow
CIE News ·
Binance has recorded a single-day net outflow exceeding 13,800 BTC, valued at approximately $1.16 billion, driving a significant contraction in the cryptocurrency exchange's reserve balances. According to verified on-chain reserve data, the heavy withdrawals lowered Binance's total Bitcoin reserves from an initial baseline of approximately 705,000 BTC down to 685,000 BTC within the 24-hour window. The capital movement represents a substantial, immediate decline in exchange-held inventory, marking a notable single-day reserve reduction documented for the trading platform.
The abrupt departure of over 13,800 BTC from Binance's custodial wallets aligns with a wider aggregate drain across the centralized exchange ecosystem. On-chain monitoring data indicates that total multi-exchange net outflows accumulated to $2.52 billion across a broader 72-hour period. The $1.16 billion leaving Binance in a single day accounted for a commanding portion of this aggregate $2.52 billion multi-exchange volume, demonstrating that the liquidity contraction was concentrated heavily within Binance's platform even as counterparty venues simultaneously experienced consistent reductions in custodial balances.
With the conclusion of the reported single-day outflow cycle, Binance's verified reserves stand at roughly 685,000 BTC, down from its preceding balance of approximately 705,000 BTC. The cumulative $2.52 billion in multi-exchange outflows over the 72-hour timeframe highlights an ongoing shift of assets out of centralized custody, as on-chain observers continue tracking reserve thresholds across Binance and peer venues following the multi-billion-dollar movement.