Centralized Exchanges Record Significant BTC and ETH Net Outflows in 24 Hours

Coinglass data reveals substantial Bitcoin and Ethereum withdrawals from major centralized exchanges, with OKX and Kraken leading respective asset outflows and inflows.

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Summary

On January 19, Coinglass data showed centralized exchanges experienced a net outflow of 1,729.96 BTC and 44,000 ETH over 24 hours. Kraken led BTC withdrawals with 2,394.43 BTC, followed by Bybit (395.37 BTC) and Bitfinex (62.33 BTC), while Binance saw the largest BTC inflow at 793.77 BTC. For Ethereum, OKX led with 21,900 ETH withdrawn, followed by Binance (17,800 ETH) and Gate (3,870 ETH). Kraken recorded the highest ETH inflow at 2,086 ETH.

Terms & Concepts
  • Centralized Exchange (CEX): A cryptocurrency trading platform operated by a centralized organization, controlling user funds and transactions.
  • Net Outflow: The total amount of assets withdrawn from a platform minus the amount deposited during a specific period.
  • BTC (Bitcoin): The first and largest cryptocurrency by market capitalization, used as a decentralized digital currency.