Centralized Exchanges Record 48,200 ETH Net Outflow in 24 Hours
Coinglass data shows significant outflows of ETH from centralized exchanges, with Coinbase Pro leading the pack, while Binance recorded inflows.
ETH
KCS
Summary
Centralized exchanges experienced a net outflow of 121,800 ETH over the past 24 hours. Coinbase Pro saw the largest outflow with 103,200 ETH, followed by OKX and KuCoin. Binance, however, recorded a net inflow of 14,400 ETH, reflecting shifting market dynamics.
Terms & Concepts
- ETH (Ethereum): A decentralized blockchain platform that enables smart contracts and decentralized applications, with Ether (ETH) as its native cryptocurrency.
- Centralized Exchange (CEX): A cryptocurrency trading platform operated by a central authority, which manages user funds and executes transactions on behalf of customers.