Binance sees 9,030 BTC withdrawn in 24 hours, biggest daily outflow in 5 months

A total of 9,030 BTC worth $589 million was withdrawn from Binance over the past 24 hours, marking the exchange’s largest daily Bitcoin outflow in the past five months, according to an analysis by on-chain research firm Ruga Research. Ruga Research added BTC’s 30-day momentum indicator had recovered from -21% to 0%, and over the past year, Bitcoin’s price repeatedly moved higher after similar patterns emerged. The firm said the latest large-scale BTC outflow is notable because it occurred during a momentum recovery phase rather than after a sharp price surge, calling it a signal market participants should watch.