Centralized Exchanges Record 917.62 BTC Net Outflow in 24 Hours
Binance, Bitfinex, and Bybit drove significant Bitcoin deposits, while Coinbase Pro experienced notable withdrawals, according to Coinglass data.
BTC
Summary
Coinglass reported that centralized exchanges saw a total net inflow of 3,943.14 BTC in the past 24 hours. Binance led with 6,295.52 BTC deposited, followed by Bitfinex with 4,210.09 BTC and Bybit with 1,568.69 BTC. In contrast, Coinbase Pro recorded a substantial net outflow of 6,826.53 BTC, indicating divergent liquidity trends among major trading platforms.
Terms & Concepts
- Centralized Exchange: A cryptocurrency trading platform operated by a central authority that manages user accounts and executes trades.
- Net Inflow: The total amount of assets deposited into a platform minus the total withdrawals within a specific period.
- BTC: The ticker symbol for Bitcoin, the world’s first and largest cryptocurrency by market capitalization.