Bitcoin Exchange Flows Plunge 91% as Binance’s EU Exit Reshapes Market Liquidity

TL;DR Bitcoin exchange-to-exchange flow plunged 91% from 1,800 BTC to 165.7 BTC in just 30 days. The decline closely followed Binance’s July 1 exit from the EU and EEA under MiCA regulations. Reduced European retail trading activity may be contributing to Bitcoin’s continued struggle below $65,000. A recovery in daily exchange flows above 800–1,000 BTC [...]

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