Bitcoin price rebounds toward $117,000 as Binance records nine consecutive days of BTC outflows and stablecoin inflows, with investors positioning ahead of the Federal Reserve’s rate decision.
Bitcoin surged to $117,000 while on-chain data revealed sustained withdrawals from Binance, marking nine straight days of negative Bitcoin exchange netflows. The trend suggests accumulation, coinciding with stablecoin inflows of nearly $2 billion on Binance, signaling potential buying interest. These moves occur as markets anticipate the U.S. Federal Reserve’s policy decision, with prediction markets showing a 92% probability of a rate cut. Bitcoin is currently trading around $116,400, up 3.6% over the past week.