Sep 17, 2025
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Bitcoin Nears $117,000 Amid Nine-Day Binance Outflow Trend
Bitcoin has experienced a recovery surge toward $117,000, driven by consistent withdrawals from Binance.
Key Insights:
- Binance's Bitcoin netflow has been negative for the past nine days, indicating investors are withdrawing BTC from the platform.
- The outflows coincide with Bitcoin's price recovery, suggesting potential accumulation by investors.
- This activity occurs ahead of the Federal Open Market Committee (FOMC) meeting, where a rate cut is expected, with a 92% probability according to prediction markets.
- Besides Bitcoin outflows, Binance has seen significant stablecoin inflows, with $2 billion worth of stablecoins deposited, possibly indicating repositioning in anticipation of the Fed decision.
Current BTC Price
Bitcoin is trading around $116,400, marking a 3.6% increase over the last week.
