Bitcoin is gaining traction once more. After a recent increase in its price, we’re now seeing a jump in how much Bitcoin people are withdrawing from Binance, the world’s biggest cryptocurrency exchange.
Although the rally has slowed, Bitcoin has continued to trade above the $65,000 mark as its exchange activity on Binance suggests that demand is back to one of its 2026 peak levels.
$589 Million Worth of Bitcoin Exits Binance
Latest data from crypto analytics platform CryptoQuant shows that Binance has recorded its biggest single-day Bitcoin withdrawal in five months.
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A significant amount of Bitcoin – 9,030 BTC valued at around $589 million – left the Binance exchange in one day, suggesting a sudden increase in purchases happening directly on the platform.
It’s common for people to move their cryptocurrency from exchanges to personal wallets, often to hold onto it for the long term instead of selling. This recent increase in that activity suggests a positive outlook for Bitcoin.
While big Bitcoin withdrawals don’t automatically cause prices to jump, they do suggest increasing interest in buying, which can limit the supply available on the market.
This usually means investors are very confident, and it could cause Bitcoin’s price to increase quickly.
Bitcoin Demand Spikes
The data also showed that the recent withdrawal of 9,030 Bitcoin is the biggest single-day outflow from Binance since February 6th, when 8,744 BTC were withdrawn.
Bitcoin’s price has recently jumped, and a large number of coins being withdrawn could be the reason. Similar patterns have often led to bigger price increases in the past, so if this trend continues, Bitcoin could potentially rise further and even go back above $70,000.
2026-07-22 15:00