727 FinancePANews reported on September 25 that CryptoQuant analyst Darkfost wrote that against the backdrop of rising “fear of missing out” (FOMO) sentiment in the Bitcoin market, Binance has recorded its largest capital outflow since 2023. Bitcoin has entered a bullish trend that is different from previous rallies. BTC has recorded gains of around 45% since hitting highs in July. Notably, the advance broke a key structural level, with prices closing above the May high of $82,000 for several consecutive days. During this round of gains, the market seems to be continuing to accumulate chips, which is especially obvious in the flow of BTC funds on exchanges.
Binance holds about 30% of the BTC in various platforms open to all types of investors, but the platform has recently shown a clear trend of fund outflows, with an average weekly net outflow of 2,000 BTC. In addition, the platform set a record for its largest single-day net outflow since 2023: more than 13,800 BTC were outflowed in a single day, setting a three-year high. In just four days, Binance’s BTC reserves dropped from 705,000 to 685,000.
Darkfost pointed out that the dominance of outflows indicates that some investors choose to hold it on their own, which is often related to long-term holdings and is a positive signal; the reduction of BTC on the exchange also mechanically reduces potential selling pressure. The sudden development signals a wave of FOMO among latecomers, especially those who had expected Bitcoin to fall further as it has in previous bear markets. As Bitcoin continues to rise, similar events may occur again.