Centralized Exchanges See Significant ETH and BTC Movements Over 24 Hours

Coinglass data reveals major 24-hour net withdrawals of ETH and BTC, with Binance leading outflows and OKX topping inflows for ETH.

BTC
ETH

Summary

Centralized exchanges experienced substantial cryptocurrency flows in the past 24 hours, according to Coinglass data. Net BTC withdrawals reached 1,533.33 BTC on February 11, led by Binance (1,385.61 BTC), OKX (982.74 BTC), and Coinbase Pro (833.32 BTC), while Gemini recorded the top BTC inflow at 1,002.42 BTC. In the same period, centralized platforms saw 59,400 ETH in net withdrawals, with Binance leading at 118,000 ETH outflow, followed by Kraken (6,527.93 ETH) and Bybit (4,697.61 ETH). OKX posted the largest ETH inflow of 43,400 ETH. Such net outflows often indicate transfer to private wallets, suggesting possible holding behavior.

Terms & Concepts
  • Centralized Exchange: A cryptocurrency trading platform operated by a company that manages user accounts and custody of funds.
  • Net Outflow: A measure of cryptocurrency moving out from exchanges, calculated by subtracting inflows from outflows.
  • ETH: Ticker symbol for Ether, the native cryptocurrency of the Ethereum blockchain.