Over 40,000 BTC Withdrawn from Centralized Exchanges in One Week

Over 40,000 BTC Withdrawn from Centralized Exchanges in One Week

Coinglass data reveals Binance recorded the highest net inflow of Bitcoin, while OKX experienced the largest outflow in the past 24 hours.

BTC

Fact Check
The statement is directly confirmed by Source 9 (Bitcoinist), which states, 'more than 40,000 BTC have been withdrawn from exchanges over the past week.' This provides strong, specific evidence. The claim is plausible in the context of other sources, such as Source 8 (CoinDesk), which mentions a similar amount ('Around 40,000 BTC') leaving exchanges over a 30-day period, and Source 11, which confirms a general trend of weekly outflows. The confidence score is high but not 1.0 because the most direct evidence comes from a single source, while another credible source cites a different timeframe for a similar amount.
    Reference1
Summary

Coinglass data shows centralized exchanges saw a net inflow of 2,468.66 BTC in the past 24 hours. Binance led with 1,847.46 BTC, followed by Coinbase Pro with 518.57 BTC and Bithumb with 321.62 BTC. OKX recorded the largest net outflow with 324.99 BTC.

Terms & Concepts
  • Centralized Exchange (CEX): A cryptocurrency trading platform operated by a centralized organization, requiring users to deposit funds before trading.
  • BTC Outflow: The transfer of Bitcoin from a cryptocurrency exchange to external wallets, often seen as a sign of holding intentions.