Crazzyblockk2025-10-07

A Stormy Start to October on Binance: Over $1 Billion in Stablecoins Flow In, While More Than $500 Million in Bitcoin outflow in Just a Week

As October kicked off, Bitcoin experienced a sharp price rebound, ending the recent correction phase and pushing to new local highs—rekindling optimism among Bitcoin enthusiasts. According to the latest Binance data and the Binance Buying Power Index, more than $1.1 billion in stablecoins have entered the exchange since the beginning of October. At the same time, over $500 million worth of Bitcoin has been withdrawn from Binance to external wallets. These striking figures highlight a strong bullish sentiment among traders and major market participants. Binance’s role here is particularly crucial, as a large portion of Bitcoin’s spot liquidity and live market-making activity takes place on the platform. With the steady rise of the Binance Buying Power Index, the market continues to signal strong bullish momentum. Historically, an increase in this index reflects growing appetite from key players to enter the market, while a decline suggests reduced participation and cooling sentiment.