Massive Bitcoin Outflow from Binance Detected!
According to the latest data from CryptoQuant (via Crypto Rover), May 12 marked a significant BTC exchange netflow drop, with over 3,000 BTC being withdrawn from Binance in a single day.
What does this mean?
Negative Exchange Netflow = More BTC leaving exchanges than entering.
Typically a bullish signal, suggesting investors are moving BTC to private wallets, likely for holding (HODLing) rather than selling.
Key Observations:
BTC price continues to rally, now above $104,000.
Large outflows like this often indicate strong market confidence and reduced short-term selling pressure.
Market Sentiment:
Investors seem to be positioning for higher prices. Watch for potential continuation if volume and momentum hold strong.
