Bitcoin (BTC) buyers are showing what analysts describe as ‘better absorption’ at the $65,000 level, following a record single-day net withdrawal of more than 9,000 BTC from Binance, accordin
Bitcoin (BTC) buyers are showing what analysts describe as ‘better absorption’ at the $65,000 level, following a record single-day net withdrawal of more than 9,000 BTC from Binance, according to fresh data from onchain analytics platform CryptoQuant published on Wednesday.
CryptoQuant contributor Rei Researcher confirmed that daily BTC withdrawals from the world’s largest crypto exchange are now outpacing inflows. The data shows Binance netflows toggling between positive and negative since a run of positive days ended in early June.
