burakkesmeci
$~55M Worth of BTC Leaving Binance Daily: The Real Reason Behind the 65K to 74K Rally
Looking at daily netflow data alone can be misleading. That's why I follow the SMA30 — it gives a far more reliable read. Binance BTC Netflow SMA30 dropping below zero and deepening signals sustained, large-scale Bitcoin outflows from the exchange. On average, roughly $55 million worth of BTC (at a ~$70K average price) is leaving Binance daily — clear evidence of growing demand. The result: Bitcoin rallied 13.8% from $65K to $74K as the Binance BTC Netflow SMA30 turned negative. As of March 20, U.S. equity markets are bleeding — yet Bitcoin is holding strong. The demand sitting behind Binance's netflow data explains why.