Bybit Leads 1,545 BTC Net Outflow from Major Crypto Exchanges

Coinglass data highlights significant ETH and BTC movements, with Bithumb and Bybit leading outflows while OKX and Binance post notable inflows.

BTC
ETH

Summary

Coinglass data shows centralized exchanges recorded a net outflow of 1,545.20 BTC and 38,700 ETH in the past 24 hours. Bybit led BTC exits with 1,136.79 BTC, while Bithumb topped ETH outflows at 25,300 ETH. Bybit also registered 18,200 ETH leaving the platform, and Binance saw 8,762.69 ETH outflow despite a 1,313.42 BTC inflow. OKX posted an ETH inflow of 21,800, marking a contrast to the broader trend of crypto outflows.

Terms & Concepts
  • Net Outflow: The total amount of an asset leaving a platform minus the amount entering during a specific period.
  • CEX (Centralized Exchange): A cryptocurrency trading platform operated by a company or organization that holds users' funds.
  • BTC: Ticker symbol for Bitcoin, the largest cryptocurrency by market capitalization.