Binance Sees Over 13,800 BTC Net Outflow in a Day, Largest Since 2023

A single-day outflow of this size matters less as a directional signal than as a reminder of how concentrated exchange liquidity has become: the drop in Binance's reserves over just four days is large enough to alter the venue's market-depth profile. The analyst's read — accumulation and self-custody — is plausible but not exclusive, since institutional custody shifts and internal wallet management produce identical on-chain footprints. The open question is whether this pace persists; if it does, the gap between exchange-held and self-custodied supply becomes a structural feature worth tracking, not a one-off headline.