Centralized Exchanges See 3,083.80 BTC Net Outflow in 24 Hours

According to Coinglass on February 17, centralized exchanges posted net Bitcoin withdrawals led by Binance, while Gate saw the largest inflow, signaling shifting short-term liquidity across major trading venues.

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Summary

According to Coinglass, centralized exchanges recorded a net outflow of 3,083.80 BTC over the past 24 hours on February 17. Binance accounted for 3,073.95 BTC withdrawn, Gemini 236.03 BTC, and Coinbase Pro 222.72 BTC. Gate registered the largest inflow with 227.01 BTC. The figures reflect exchange-specific liquidity shifts within the daily window.

Terms & Concepts
  • Centralized Exchange (CEX): A cryptocurrency trading platform operated by a company that manages user accounts and order execution.
  • Net Outflow: Withdrawals minus deposits over a period; a positive outflow suggests more assets leaving a platform than entering.
  • BTC: Ticker symbol for Bitcoin, the largest cryptocurrency by market capitalization.