Binance Sees Significant Bitcoin Outflows as BTC Nears All-Time High

Bitcoin is approaching its all-time high with a notable surge in price and significant outflows from exchanges like Binance, signaling strong institutional accumulation and bullish market sentiment.

Bitcoin Nears All-Time High Amid Exchange Outflows and Macro Momentum

Bitcoin surged 9.01% this week to $103,276, now just 5.45% below its January peak. The rally reflects growing institutional confidence, with monthly gains exceeding 21%.

A notable 3,000 BTC ($312 million) withdrawal from Binance on May 12 signals accumulation behavior. Exchange reserves have dwindled from 595,000 BTC in February to 541,400 BTC by mid-May, compounding bullish supply dynamics.

BNB Chain Announces Winners of AI Hackathon, Showcasing Web3 Innovation

The BNB Chain has revealed the winners of its latest AI Hackathon, underscoring the accelerating convergence of artificial intelligence and blockchain technology. Six standout projects were selected from over 30 submissions as Tier 4 awardees, earning continued development support.

This initiative highlights BNB Chain’s commitment to fostering next-generation Web3 solutions. The hackathon serves as a proving ground for AI-powered applications seeking to enhance blockchain scalability, security, and user experience.