According to data from the analytical platform CryptoQuant, the outflow of Bitcoin from the Binance exchange has significantly intensified, signaling a reduction in selling pressure and a shift to an accumulation phase. Analyst Burak Kesmechi reported on October 21: the 30-day moving average (SMA30) of BTC net flow on Binance is sharply negative — investors are withdrawing assets from exchanges for long-term storage rather than selling. This follows a rally $BTC from $85k to $126k in 2025, when trading volumes on Binance increased to $14.8 billion net inflows in Q3.
The outflow reflects traders' confidence: despite the noise from daily inflows/outflows, the trend indicates holding before a potential bull run to $130,000 by the end of the year. The MVRV ratio for BTC has dropped below the 365-day average, marking a cyclical bottom. Miners contributed 51,000 BTC to exchanges since October 9, but the overall trend is positive for the price if ETFs and institutions absorb the sales. CryptoQuant notes: negative net flows often precede rallies, but macro factors (like Fed rates) can have an impact.
Binance is regaining dominance: the share of BTC outflow has increased to 40% among exchanges. This is a good sign for BTC, which is holding at $112,000.
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