In the seven days through Sept. 27, Binance recorded a net outflow of 23,137 BTC, its highest level since June 2023 when the BTC balance dropped by 44,942 in a single week. Meanwhile, large whale entities increased their stablecoin inflows to Binance by 40%, rising from $21.7 billion to $30.5 billion between Aug. 15 and the end of September. BTC/USD has traded in a range between $82,500 and $87,400 since Sept. 21. According to CryptoQuant, this accumulation behavior combined with fading sellers could be enough to push Bitcoin out of its consolidation phase. In June 2023, a similar pattern saw BTC/USD move from $26,300 to $30,500 in one week.
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