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Bitcoin Exchange Balances Decline as Binance Trading Splits by Region

Asian-session volume on Binance’s BTCUSDT pair rose to $670 million on Nov. 6, while U.S. turnover was $150 million.

Updated 2 min read
A commuter checks a cryptocurrency exchange app in Seoul’s Yeouido business district. / TokenPost.ai (macro)
A commuter checks a cryptocurrency exchange app in Seoul’s Yeouido business district. / TokenPost.ai (macro)

Bitcoin (BTC) balances at tracked exchanges were lower across daily, weekly and monthly readings in a Nov. 7 tally, while Binance trading volumes diverged by region the previous day.

Coinglass data showed $1.98 billion in Binance BTCUSDT trading during European hours on Nov. 6, the highest of the three sessions. The market recorded $670 million during Asian hours and $150 million during U.S. hours.

Compared with Nov. 5, Asian-session turnover increased from $408 million. European trading fell from $5.98 billion, and U.S. trading dropped from $1.15 billion. Those changes amounted to a 64% gain in Asia, a 67% decline in Europe and an 87% decline in the United States.

The Nov. 7 exchange tally put combined balances at about 2,583,633 BTC. Net outflows totaled about 1,746 BTC over 24 hours, 22,558 BTC over seven days and 22,483 BTC over 30 days.

Kraken recorded the largest daily net outflow, at 1,512 BTC. Coinbase Pro’s net outflow was 1,061 BTC and Binance’s was 629 BTC. On the inflow side, OKX added 1,050 BTC, Bybit added 545 BTC and Bitfinex added 262 BTC.

Some exchange readings differed over longer periods. Coinbase Pro had a weekly net inflow of 950 BTC despite its daily net outflow. Binance’s seven-day net outflow was 25,210 BTC, while Bitfinex recorded a weekly net outflow of 1,109 BTC alongside its daily net inflow.

By reported balance, Coinbase Pro had 872,143 BTC, followed by Binance with 666,690 BTC and Bitfinex with 429,288 BTC. An earlier EconoTimes exchange-balance report recorded a 1,451 BTC decline over 24 hours.

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