Coinglass: Centralized Exchanges See Net Inflows of 1,118.84 BTC in 24 Hours; Kraken Leads

Coinglass: Centralized Exchanges See Net Inflows of 1,118.84 BTC in 24 Hours; Kraken Leads

Coinglass data reveals a positive shift in centralized exchange activity with Kraken leading net inflows, while Bybit experiences significant outflows.

BTC
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Fact Check
The assessment is "likely_true" with high confidence based on the strong alignment between the claim and the provided primary sources. The statement makes a specific data-driven claim and attributes it to "Coinglass." The most relevant source provided is a real-time newsfeed directly from Coinglass, which is the exact type of place where such a specific, time-sensitive statistic would be published. This source has very high authority (0.95) and relevance (0.80), providing strong evidence that Coinglass is the originator of this data. Other provided Coinglass pages, while not directly confirming the number, establish Coinglass as a credible and comprehensive data provider in the cryptocurrency space. Crucially, none of the provided sources contradict the statement. The remaining sources are largely irrelevant as they discuss different metrics (e.g., trading volume, open interest), different assets (Bitcoin), or cite different data providers. The specificity of the claim (25,100 ETH over 7 days) combined with the existence of a high-authority primary source from the cited entity makes the statement highly credible.
Summary

Coinglass reports net inflows of 1,118.84 BTC to centralized exchanges in the last 24 hours. Kraken saw the highest net inflow with 1,152.51 BTC, followed by Gemini with 262.90 BTC and Gate with 144.13 BTC. Bybit, on the other hand, faced a net outflow of 306.55 BTC, marking the largest decline among the platforms.

Terms & Concepts
  • Net inflow/outflow: The net change in assets on an exchange, calculated by subtracting outflows from inflows; a positive value indicates more deposits than withdrawals.
  • Centralized exchange: A company-operated cryptocurrency platform where trading and custody are managed by the exchange itself.