Binance BTC outflows hit highest since mid-2023 as whales deposit stablecoins
Binance BTC reserves fell by nearly 40,000 coins since Sept. 20 as whales returned stablecoin capital to their exchange wallets.
Auto Added by WPeMatico
Binance BTC reserves fell by nearly 40,000 coins since Sept. 20 as whales returned stablecoin capital to their exchange wallets.
US spot Bitcoin ETFs reversed two days of inflows as Bitcoin slipped below $86,000, trading roughly 32% below its October 2025 all-time high.
Weak US jobs data has narrowed expectations for another Fed hike in October, offering Bitcoin some relief as investors continue to embrace the debasement trade.
Bitcoin’s highest weekly close in eight months formed low-timeframe resistance at the start of Monday’s US trading session.
Bitcoin bulls renewed pressure on range highs with the 2026 yearly open forming the next key resistance to break through.
Bitcoin ETF inflows reached a third straight week, while Ether ETFs swung to outflows and Zcash funds posted their first weekly outflow.
Bitcoin climbed after weaker-than-expected payrolls pushed Treasury yields lower, but order-book resistance kept BTC from reaching new macro highs.
Tokenized stocks and ETFs on BNB Chain reached $1.1 billion as the broader market climbed to $3.7 billion, putting the network’s share at roughly 30%.
Bitcoin buyers broke through a wall of ask liquidity to reach new October BTC price highs near $87,800, with the area immediately above now a new resistance hurdle.
Bitcoin ETFs returned to inflows with $103 million, while Ether funds recorded a third straight day of net outflows.