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Binance FUD: Actual Bitcoin Outflow From Binance Far Lower Than 190K BTC

Actual Bitcoin outflow from Binance is far lower than 190,000 BTC as the exchange transfers BTC and enables the Bitcoin Lightning network.

Published by

Varinder Singh

Updated 04 Sep, 2025 | 12:41:53 PM UTC

Binance FUD: Actual Bitcoin Outflow From Binance Far Lower Than 190K BTC

Bitcoin withdrawals on some crypto exchanges and platforms such as Binance and Robinhood are experiencing problems due to Bitcoin network congestion causing a large number of pending transactions and record-high fees. As a result, Binance temporarily suspends BTC withdrawals, but data shows large Bitcoin outflows.

Reason Behind Large Bitcoin Outflow from Binance

In the last two days, the total exchange outflows from the crypto exchanges are 200k. Binance has an exchange outflow of 190k worth nearly $5.5 billion, as per CryptoQuant data.

However, the actual exchange outflow from Binance is far lower as the exchange takes several steps including wallet transfers and enabling Bitcoin Lightning network to resume BTC withdrawals.

Julio Moreno, head of research at CryptoQuant, in a tweet on May 8 revealed that people are commenting on huge Bitcoin outflows from Binance. Transactions such as 17k and 40k BTC on Sunday were recorded from Binance to other wallets.

However, Binance sent these BTCs to a newly created wallet address that actually belongs to the crypto exchange Binance. Effective outflows are likely near 10k BTCs, which is far lower than the Binance outflow values shown on CryptoQuant.

Binance also shared that some data are showing large outflows from the exchange. These outflows are actually movements between Binance hot and cold wallets due to the BTC address adjustments.

As per DefiLlama data, Binance has Bitcoin worth $16.99 billion in the exchange and the TVL is $65.61 billion.

Bitcoin Price Falls After Rising Above $29,000

BTC price fell 3% in the last 24 hours, with the price currently trading at $28,200. The 24-hour low and high are $28,082 and $29,119, respectively. Furthermore, the trading volume has decreased by 13% in the last 24 hours, indicating a decline in interest among traders.

Bitcoin selloff has triggered a market-wide selling in other altcoins, with Ethereum price sliding 2% to $1,850 in the last 24 hours.

Also Read: Crypto Market Selloff: Bitcoin, Ethereum Price Falls Sharply

Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Published by

Varinder Singh

Updated 04 Sep, 2025 | 12:41:53 PM

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