Fast Take
- Binance halted withdrawals final week because of the surge in miner charges and is now choices such because the Bitcoin lightning community.
- There have been experiences on Twitter with vital outflows from Binance, however this was confirmed as inside pockets actions.
- Nonetheless, with knowledge from Glassnode, we are able to now see that 20,000 Bitcoin have left Binance prior to now seven days.
- That is the fourth largest withdrawal interval prior to now two years, solely eclipsed by the FTX collapse and the China mining ban in the summertime of 2021.
- Each instances have been at native worth bottoms.
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