• The largest withdrawal from Binance since April 19 was 13,820 bitcoin

  • According to the IntoTheBlock analytics data aggregator, 13,820 Bitcoins were traded from the Binance exchange on Tuesday, July 27.

    This is the greatest BTC withdrawal from this centralized crypto exchange, according to the analytics firm, since April 19, when Bitcoin hit $56,000.

    Negative exchange net flows are usually a sign that whales and smaller investors are accumulating Bitcoin, according to the tweet. They transport it to cold storage vaults or yield farming initiatives.

    According to one commentator, this huge withdrawal was conducted in response to Binance’s recent KYC rule revisions.

    Charles Edwards, the founder of Capriole Investments, also released a graphic from CryptoQuant, indicating that the market is currently experiencing large Bitcoin outflows from numerous crypto exchanges.

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