Bitcoin Faces Significant CEX Outflows: 59,596.75 BTC Withdrawn from Top Exchanges
The post Bitcoin Faces Significant CEX Outflows: 59,596.75 BTC Withdrawn from Top Exchanges appeared on BitcoinEthereumNews.com. According to recent data released by Coinglass, over the past week, centralized exchanges (CEX) have experienced significant **capital outflows**, totaling approximately **59,596.75 BTC**. Among these exchanges, **Binance** recorded the largest outflow, amounting to **39,751.43 BTC**, followed by **Coinbase Pro** with **7,490.84 BTC** and **Bitfinex**, which saw a decrease of **4,092.19 BTC**. This trend reflects a growing investor preference for self-custody solutions or alternative investment platforms, raising questions about market confidence in traditional CEX platforms. In contrast, **Bithumb** emerged as a notable exception, experiencing an inflow of **178.23 BTC**, indicating a potential shift in user trust towards this exchange. As the market evolves, investors should closely monitor these trends, as they can significantly influence future movements in cryptocurrency valuations. Source: https://en.coinotag.com/breakingnews/bitcoin-faces-significant-cex-outflows-59596-75-btc-withdrawn-from-top-exchanges/
The post Bitcoin Faces Significant CEX Outflows: 59,596.75 BTC Withdrawn from Top Exchanges appeared on BitcoinEthereumNews.com.
According to recent data released by Coinglass, over the past week, centralized exchanges (CEX) have experienced significant **capital outflows**, totaling approximately **59,596.75 BTC**. Among these exchanges, **Binance** recorded the largest outflow, amounting to **39,751.43 BTC**, followed by **Coinbase Pro** with **7,490.84 BTC** and **Bitfinex**, which saw a decrease of **4,092.19 BTC**. This trend reflects a growing investor preference for self-custody solutions or alternative investment platforms, raising questions about market confidence in traditional CEX platforms. In contrast, **Bithumb** emerged as a notable exception, experiencing an inflow of **178.23 BTC**, indicating a potential shift in user trust towards this exchange. As the market evolves, investors should closely monitor these trends, as they can significantly influence future movements in cryptocurrency valuations. Source: https://en.coinotag.com/breakingnews/bitcoin-faces-significant-cex-outflows-59596-75-btc-withdrawn-from-top-exchanges/
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