Approximately 31,782 BTC left centralized exchanges over the past seven days, representing a withdrawal wave worth approximately $2.52 billion. Binance led the movement with nearly 19,500 BTC withdrawn, including over 13,800 BTC in a single day. Coinbase Pro recorded approximately 6,700 BTC in outflows and Kraken around 2,816 BTC. CryptoQuant analysts interpret these withdrawals as accumulation behavior rather than panic selling, with holders preferring to secure their coins through self-custody. This trend occurs as Bitcoin traded in the mid-$80,000s, down from a recent high near $87,400, while US spot Bitcoin ETFs continue to see inflows.
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