Centralized Exchanges See Weekly Outflows of Over 6,300 BTC and 59,600 ETH

Latest Coinglass figures show a 15,300 ETH daily net inflow to CEXs, highlighting a shift in Ethereum movement patterns despite prior weekly outflows.

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Summary

In the past 24 hours, centralized exchanges recorded a net inflow of 15,300 ETH, according to Coinglass data. Binance led with 17,400 ETH inflows, followed by Kraken with 4,806.72 ETH and Bybit with 4,358.45 ETH. OKX registered the largest outflow at 11,100 ETH. This comes after earlier reports of a weekly net outflow totaling 6,317.80 BTC and 59,600 ETH, indicating a short-term reversal in Ethereum flow trends.

Terms & Concepts
  • Centralized Exchange: A cryptocurrency trading platform operated by a central authority, where users deposit funds to trade.
  • ETH: The ticker symbol for Ethereum, a leading blockchain platform supporting smart contracts.