Bitcoin analysis eyes ‘serious volume’ after Binance sees 9K BTC daily outflow
Summary
Bitcoin is showing stronger absorption around $65,000 as Binance recorded a large BTC net outflow. CryptoQuant data shows withdrawals from Binance have recently exceeded deposits, suggesting reduced short-term selling pressure and more coins moving into self-custody. On Tuesday, Binance saw a net outflow of over 9,000 BTC, the largest since November 2024. Analysts note this is notable but not decisive: exchange outflows can ease sell pressure, yet they do not confirm a new uptrend without sustained spot demand, stronger volume, and firmer price structure. Market sentiment remains mixed, with spot demand still viewed as limited even as US Bitcoin ETF inflows and derivatives activity show some improvement.
