{"id":176643,"date":"2023-10-18T20:22:08","date_gmt":"2023-10-18T14:52:08","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=176643"},"modified":"2023-10-18T20:22:08","modified_gmt":"2023-10-18T14:52:08","slug":"binance-leads-as-bitcoin-exchange-outflows-surge-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-leads-as-bitcoin-exchange-outflows-surge-crypto-news\/","title":{"rendered":"Binance leads as Bitcoin exchange outflows surge – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

Bitcoin market dynamics are showing a notable shift, as evidenced by the massive outflows from exchanges. According to recent data, in the span of two days, exchanges experienced a substantial outflow of Bitcoin, amounting to approximately $430 million.<\/p>\n

On Oct. 16 alone, an estimated $250 million left exchanges, followed by a subsequent $200 million on Oct. 17. Interestingly, around half of these outflows originated from Binance, one of the leading cryptocurrency exchanges globally.<\/p>\n

Exchange Netflow: (Source: Glassnode)<\/figcaption><\/figure>\n

These outflows signal a decrease in Bitcoin on exchanges, which has led to a consequential rise in Bitcoin\u2019s price, from roughly $26,500 to $28,500, a significant leap within a short timeframe.<\/p>\n

Over four days, from Oct. 14 \u2013 Oct. 17, approximately 16,000 Bitcoin have been withdrawn from exchanges. Furthermore, the total number of Bitcoin held in exchange wallets is approaching a year-to-date low, with the count nearing the 2.3 million Bitcoin mark.<\/p>\n

\"Exchange
Exchange Balance: (Source: Glassnode)<\/figcaption><\/figure>\n

The post Binance leads as Bitcoin exchange outflows surge<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take Bitcoin market dynamics are showing a notable shift, as evidenced by the massive outflows from exchanges. According to recent data, in the span of two days, exchanges experienced a substantial outflow of Bitcoin, amounting to approximately $430 million. On Oct. 16 alone, an estimated $250 million left exchanges, followed by a subsequent $200 […]<\/p>\n","protected":false},"author":2,"featured_media":176644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-176643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176643","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=176643"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176643\/revisions"}],"predecessor-version":[{"id":176645,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/176643\/revisions\/176645"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/176644"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=176643"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=176643"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=176643"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}