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Binance exchange daily BTC withdrawals top $500M as CZ says ‘FUD helps us grow’

Published 12/13/2022, 05:27 AM
Updated 12/13/2022, 04:00 PM
© Reuters.

Bitcoin (BTC) withdrawals from largest crypto exchange Binance have passed $500 million in the past 24 hours as its CEO calls out “FUD.”

Data from on-chain monitoring resource Coinglass shows that Binance’s BTC balance decreased by over 30,000 BTC into Dec. 13.

Binance BTC balance vs. BTC/USD chart. Source: Coinglass
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
BNB/USD 1-hour candle chart (Binance). Source: TradingView

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