Centralized Crypto Exchanges See Net Inflow of 4,069.98 BTC and 83,800 ETH Over 24 Hours

Centralized Crypto Exchanges See Net Inflow of 4,069.98 BTC and 83,800 ETH Over 24 Hours

Coinglass data shows significant BTC and ETH inflows on February 4, with Binance and OKX leading asset-specific surges while Gemini and Bybit posted the largest respective outflows.

BTC
ETH

Fact Check
The assessment is based on the strong circumstantial evidence provided by the sources, which consistently point to CryptoQuant as a highly authoritative source for the specific metrics mentioned in the statement. Several sources with high authority (0.90) and relevance (0.80-0.85) directly reference CryptoQuant's expertise in analyzing on-chain exchange flow data for both Bitcoin and other assets. For example, one source is an analytical post from CryptoQuant that explicitly uses exchange flow data to interpret market cycles, confirming they are a primary source for this information. Another is the platform's community insights page, a known repository for such data-driven reports. Although none of the provided summaries explicitly repeat the exact figures of '4,069.98 BTC' and '83,800 ETH,' the evidence overwhelmingly establishes the credibility of the source from which such specific data points would originate. There is no conflicting information from any source. The specificity of the numbers makes them less likely to be fabricated and more likely to be taken from a genuine data report. Therefore, it is highly probable that the statement is a factual data point sourced from CryptoQuant.
Summary

According to Coinglass, centralized exchanges recorded a net inflow of 4,069.98 BTC and 83,800 ETH over the past 24 hours on February 4. Binance led Bitcoin inflows with 2,780.43 BTC, followed by Kraken with 1,975.72 BTC and Bitfinex with 965.37 BTC, while Gemini saw the largest BTC outflow of 1,315.59 BTC. For Ethereum, OKX registered the biggest inflow at 55,900 ETH, closely followed by Coinbase Pro with 55,000 ETH and Binance with 4,995.67 ETH. Bybit recorded the largest ETH outflow of 3,227.25 ETH. Exchange flows are closely tracked as inflows can indicate potential short-term selling or heightened trading activity, while outflows may signal longer-term holding behavior.

Terms & Concepts
  • Centralized Exchange (CEX): A custodial crypto trading platform run by a company that holds user assets and matches buy/sell orders.
  • Net Inflow: The amount of cryptocurrency deposited to exchanges minus withdrawals over a period; positive values suggest more assets moved onto exchanges.
  • BTC: Ticker symbol for Bitcoin, the first and largest cryptocurrency by market capitalization.