[Binance's Single-Day Net Outflow Exceeds 13,800 BTC, Setting 2023 Record] Odaily Planet Daily reports that cryptocurrency exchange Binance experienced a net outflow of over 13,800 BTC on September 22, marking the largest single-day net outflow in 2023. Based on the price at the time, the assets were valued at approximately $1.15 billion. Binance's Bitcoin reserves dropped from around 705,000 BTC to approximately 685,000 BTC within four days, a decrease of about 20,000 BTC, valued at roughly $1.66 billion. On-chain analyst Darkfrost stated that Binance's Bitcoin outflow is part of a broader accumulation trend, with some investors opting for self-custody of their Bitcoin. The outflows may also be related to institutional custody, internal wallet management, and other operational arrangements, and should not be solely interpreted as evidence of accumulation behavior. After a recent rally, Bitcoin has pulled back and is currently trading in the $83,000 to $84,000 range, maintaining levels above $83,000. Market participants are closely watching whether this price level can hold and whether Binance's Bitcoin outflows and declining exchange reserves will continue. (Bitcoin.com News)