Binance saw a net outflow of 9030 BTC yesterday, marking the largest single-day withdrawal in nearly five months.

BlockBeats News, July 22nd. According to Ruga Research, it was reported that Binance had a net outflow of 9030 BTC yesterday, equivalent to approximately $5.89 billion at the current price, marking the largest single-day BTC outflow in nearly five months.

The data indicates that Binance's 30-day BTC net flow momentum indicator has recovered from about -21% to 0. Over the past year, each time this indicator has bounced back from negative to around zero, the price of BTC has seen further upward movement.