Post by Augustine Chiagozie (@pabloexchange)

🟠 $686M in Bitcoin Leaves Major Exchanges in a Single Day

Nearly $686 million worth of Bitcoin was withdrawn from Binance, Coinbase, and Bybit on July 20, marking a notable single-day outflow event, according to CryptoQuant contributor Amr Taha.

Large exchange outflows typically indicate that holders are moving BTC into self-custody or cold storage rather than keeping it available for trading on platforms. When supply on exchanges falls, it can reflect reduced selling pressure.

Bitcoin was trading near $66,000 around the time of the outflows, per the source report.

🟠 $686M in Bitcoin Leaves Major Exchanges in a Single Day Nearly $686 million worth of Bitcoin was...

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