Massive BTC withdrawals just hit Binance and Bitfinex What does it mean? This chart tracks daily Bitcoin net flows across major exchanges in USD terms. The logic is simple: • BTC leaving exchanges = less supply to sell → bullish • BTC entering exchanges = potential sell pressure On March 4, a huge spike in negative netflows appeared, driven mainly by two exchanges. Key numbers: • Binance: about $345M in BTC withdrawn • Bitfinex: roughly $1.75B in BTC withdrawn