In on-chain analysis, the term "outflow" refers to the movement of cryptocurrencies from centralized exchanges (CEXs) to external wallets. Most often, these transactions are associated with same-day sales, followed by immediate withdrawals, either to self-custody wallets or cold storage. While outflows can sometimes be interpreted as accumulation signals, in specific contexts—such as large-scale, sudden events—they may indicate institutional selling, strategic repositioning, or reserve rebalancing.
🔄 April Context: Price Recovery and Institutional Movements
April is marking a recovery phase in Bitcoin's price, after reaching its lowest point in recent months at $74,517.64 on April 9, 2025, following two consecutive months of declines in January and February. This market reactivation has been accompanied by renewed institutional interest, increased accumulation via ETFs, and a progressive stabilization in sentiment.
In this recovery context, April 25 saw the largest aggregated BTC outflow of the month from centralized exchanges, with a total of 92,243.96 BTC leaving CEXs in a single day.
👉 See chart: Bitcoin - Exchange Outflow (total) - All Exchanges
📊 Binance Leads BTC Withdrawals
Among these movements, Binance led the outflows, with 39,839.77 BTC withdrawn, surpassing its direct competitors:
Coinbase Premium: 21,086 BTC
Coinbase Advanced: 14,189 BTC
Bitfinex: 20,192.64 BTC
This behavior reinforces Binance’s role as the exchange with the highest BTC withdrawal volume on April 25, 2025, outperforming other platforms on that specific day. While the exact motivations behind the move remain unclear, the scale of the transaction suggests institutional activity or internal operational restructuring. Tracking the receiving addresses will be key to understanding the destination and final purpose of these funds.
Signed by Carmelo Alemán
📲 Connect with me:
♦️ X: @oro_crypto
♦️ YouTube: OroCryptoCanal
♦️ Email: [email protected]
Written by Carmelo_Alemán
