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Bitcoin exchange-to-exchange flows drop 91% after Binance exits EU under new regulations

Market News
12 Jul 2026
Blockonomi
View Source
Bearish
pluang ai news

Bitcoin's exchange-to-exchange transfers plunged 91% from 1,800 BTC to 165.7 BTC within 30 days following Binance's July 1 exit from the EU and EEA due to MiCA regulations. This sharp decline reflects European users migrating their assets to regulated exchanges ahead of Binance's departure, temporarily reducing trading liquidity and contributing to Bitcoin's struggle to break above $65,000. A recovery in daily exchange flows to 800–1,000 BTC could signal stabilized market liquidity and renewed buying pressure. Until then, Bitcoin may trade in a narrow range as the market adjusts to the new European regulatory landscape.

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