Centralized Exchanges Record 56,600 ETH Net Outflows in One Day

Data from Coinglass shows significant Ethereum movements, with Coinbase Pro, Binance, and Bitfinex leading withdrawals while OKX logged the largest inflow.

ETH

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Terms & Concepts
  • Ethereum (ETH): A blockchain-based cryptocurrency used for transactions and powering decentralized applications via smart contracts.
  • Centralized Exchange: A cryptocurrency trading platform managed by a central authority, facilitating buying, selling, and withdrawal of digital assets.
  • Net Outflow: The amount of cryptocurrency withdrawn from exchanges minus the amount deposited, indicating reduced exchange-held balances.