Centralized exchanges see $3B in Bitcoin outflows in past week

Roughly 31,782 BTC left centralized exchanges over the past seven days, a withdrawal wave worth approximately $2.52 billion that underscores a persistent shift in how Bitcoin holders are choosing to store their assets. The exodus was led overwhelmingly by Binance, which accounted for about 19,500 BTC of the total, followed by Coinbase Pro at around 6,700 BTC and Kraken at approximately 2,816 BTC. Binance’s record withdrawal day Binance didn’t just lead the pack in aggregate outflows. The exchange recorded a single-day net withdrawal exceeding 13,800 BTC, a figure that stands out even by the platform’s massive volume standards. Analysts at CryptoQuant flagged the Binance withdrawals specifically as a signal of accumulation behavior among Bitcoin holders. The interpretation: these aren’t panicked sellers liquidating positions. They’re buyers who already bought and are now locking their coins away from the exchange ecosystem entirely. Coinbase Pro’s 6,700 BTC outflow is notable for a different reason. The exchange has historically served as a primary venue for institutional-grade Bitcoin transactions, meaning its outflows often reflect the behavior of larger, more sophisticated market...