Centralized Exchanges Record 122,300 ETH Net Outflow in 24 Hours
Coinglass data indicates major centralized exchanges saw substantial Ethereum withdrawals, with Coinbase Pro leading outflows while Binance posted notable inflows.
ETH
Fact Check
The assessment is 'likely_true' with 'high' confidence. The primary evidence comes from the BingX news article, which has perfect relevance (1.00) and directly corroborates the statement. Its summary explicitly reports the exact figure: 'Centralized Exchanges See Net Outflow of 122,300 ETH Over 24 Hours'. This is strong, direct support. The other sources are either irrelevant or provide no contradictory evidence. The Artemis Terminal and CoinMarketCap pages discuss stablecoins, not the specific ETH outflow. The Block's data is for monthly trading *volume*, not daily *netflows*. The TradingView article and the Lookonchain post mention different, unrelated netflow figures and contexts. As there is one source providing direct, specific confirmation and no sources providing a direct contradiction, the statement is evaluated as likely true based on the provided evidence.
Summary
In the past 24 hours, centralized exchanges reported a net outflow of 132,300 ETH, according to Coinglass data. Coinbase Pro recorded the largest withdrawal, with 161,900 ETH leaving the platform. OKX saw an outflow of 3,168.82 ETH, and Bitfinex recorded 1,961.13 ETH withdrawn. Binance was the only major exchange to report a significant inflow, totaling 31,100 ETH.
Terms & Concepts
- ETH: Abbreviation for Ether, the native cryptocurrency of the Ethereum blockchain used for transactions and smart contract execution.
- Net Outflow: The total amount of an asset withdrawn from exchanges minus deposits over a given period, often indicating accumulation or reduced trading activity.
- Centralized Exchange: A cryptocurrency trading platform operated by a centralized entity, where users’ funds are held in company-controlled wallets.