Bitcoin (BTC) Logs 24,073-Coin Daily Exchange Outflow, Largest in Seven Months

24,073 Coins Leave Exchanges in a Day

Roughly 6.50% of Bitcoin's circulating supply still sits on crypto exchange balances, and that shrinking share is the residue of a withdrawal wave the market has not recorded in months. On Monday, October 5, a net 24,073 Bitcoin (BTC) left exchange wallets, the largest single-day net outflow in seven months. The last comparable move came on March 1. A net outflow, in this dataset, is the gap between coins withdrawn from venues and coins deposited to them on the same day, so Monday's print means withdrawals exceeded deposits by 24,073 BTC. The figures come from on-chain analytics platform Santiment, whose published record shows exchange-held Bitcoin now accounting for about 6.50% of the total supply. The size matters for a mechanical reason: coins parked on a trading venue are the coins most readily sold, and once they leave, the readily available float tightens. If demand holds steady, a smaller on-venue supply can support higher prices. The Bitcoin (BTC) price has climbed more than 33% since mid-August, from about $63,000 to readings above $84,000, so the withdrawals landed while the broader Bitcoin market was already trending higher. Santiment's own framing: “Persistent withdrawals can signal investors shifting Bitcoin (BTC) toward longer-term custody rather than preparing to sell. Outflows alone guarantee nothing, but falling exchange supply strengthens the bullish setup.” Whether the withdrawn coins belong to large crypto whale wallets or a cluster of mid-size holders is not disclosed in the data, which tracks net balances rather than the identity of withdrawers. What the record does establish is scale and timing: seven months of daily flow prints produced nothing near this size, and the session pushed the exchange-held share down to its latest reading.

Mid-Size Deposits Fall on Binance

Flow data from CryptoQuant adds a second layer to the same picture. Its tracking of mid-size inflows, the deposit band analysts use as a proxy for medium-sized holders moving coins toward potential sale, has fallen on some major venues even as the price advanced. On Binance, the 7-day average of mid-size inflows dropped from 4,155 BTC on August 16 to 2,648 Bitcoin (BTC) on October 7, a decline of more than 36%. Coinbase Prime moved in the same direction, with the average falling from 1,620 to 1,370 BTC, down about 15%. Coinbase Advanced ran against the trend: mid-size inflows there rose to 4,760 from 2,520 BTC in August, though the latest reading still sits below the 5,000 BTC mark. For scale, current mid-size readings on Binance and Coinbase Prime remain well below the larger spikes recorded earlier this year, including those in February, June, and late August. The direction matters because inflows are the mechanical precondition for venue selling: coins must arrive on an exchange before they can be sold there. A falling average means medium-sized holders are sending fewer coins toward market even with the price above $84,000, the opposite of the distribution pattern that has accompanied earlier tops. None of this proves accumulation on its own; the band can also compress when holders simply go quiet. But the two datasets point the same way at the same time, with balances leaving venues and deposits thinning. CryptoQuant's analyst work extends beyond flows as well, and one recent COINOTAG piece examined how much of the supply sits in profit near 60% once dormant coins are excluded. For a chart-based read of current levels, our updated Bitcoin technical analysis tracks the active support and resistance map.

A Thinner Float Above $84,000

The through-line across the two datasets is a preference for custody over convenience, the same behavior that underpins every treasury and Strategic Bitcoin Reserve argument in this asset's history. The load-bearing primary record here is the withdrawal data itself: Santiment's published figures put Monday's net outflow at 24,073 BTC and the exchange-held share at about 6.50% of supply, both verifiable against the platform's own post. Longer-horizon frameworks, including Arthur Hayes's bullish case running to 2027–2028, depend on exactly this kind of supply discipline holding. The proportion at the center of the story stands as two figures side by side: 24,073 coins left in a single session, and about 6.50% of all coins remain on exchanges.