Centralized Exchanges See 12,344 BTC Net Outflow in 24 Hours
Coinglass data highlights a strong 1,966.96 BTC net inflow to centralized exchanges, with Bitfinex leading, while Gemini experiences a notable net outflow.
BTC
Summary
Coinglass data from October 19 reports a net inflow of 1,966.96 BTC to centralized exchanges in the past 24 hours. Bitfinex led the inflow with 911.82 BTC, followed by Bybit with 762.95 BTC and Coinbase Pro with 543.19 BTC. Meanwhile, Gemini recorded the largest net outflow of 519.85 BTC, reflecting varying investor activity across platforms.
Terms & Concepts
- BTC: The ticker symbol for Bitcoin, the original and most widely recognized cryptocurrency, used as both a store of value and a medium of exchange.
- Centralized Exchange (CEX): A cryptocurrency platform operated by a central authority that manages user funds and trading operations.
- Net Inflow: The total amount of cryptocurrency deposited into exchanges minus the amount withdrawn, indicating investor interest and platform usage.