Market Movement: Accelerated BTC Withdrawals from Exchanges
Recent data shows a significant net outflow of 1,533.33 BTC from centralized exchanges (CEXs) in the past 24 hours. This trend suggests that investors may be shifting funds to wallets or alternative platforms, reflecting changes in market sentiment.
Key Exchange Outflows
Among the withdrawals, three major exchanges recorded the largest outflows:
- Binance: 1,385.61 BTC withdrawn
- OKX: 982.74 BTC withdrawn
- Coinbase Pro: 833.32 BTC withdrawn
This could signal large-scale fund movements by users or increased concerns regarding platform policies and security.
Inflow Highlights
Despite the overall net outflow trend, Gemini saw a significant inflow of 1,002.42 BTC, topping the inflow chart for the day. This may be linked to recent user incentive programs or platform improvements introduced by Gemini.