Binance Sees 9,030 BTC Outflow Worth $589M in 24 Hours, Largest in Five Months

BTC-0.58%
According to Ruga Research, Binance processed 9,030 BTC (approximately $589 million) in withdrawals during the last 24 hours, marking the largest daily Bitcoin outflow from the exchange in five months. Large BTC withdrawals from centralized exchanges typically indicate investors transferring assets to personal wallets for long-term storage.
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