Bitcoin flow in the past week: Withdrawal trend and inflow into centralized exchanges
Statistics of Bitcoin withdrawals from centralized exchanges
In the past 7 days, data from market analysis platforms shows a strong outflow of Bitcoin (BTC) from centralized exchanges (CEX). Specifically, a total of approximately 5,534 BTC has left CEX, reflecting a cautious trend or hoarding strategy from large investors. This outflow can significantly impact the market value of cryptocurrency as investors take profits or move assets to private wallets to avoid risks of manipulation or exchange control.
Inflow to centralized trading platforms
During the same period, approximately 4,459 BTC flowed into the Bitfinex platform, indicating that investors are hoarding or preparing for active trading. This increase reflects the trend of holding cryptocurrency in personal or institutional wallets, which may help reduce selling pressure from exchanges. Similarly, Coinbase Pro witnessed inflows of around 849 BTC, demonstrating positive sentiment from traders and individual investors.
Analyzing the impact of BTC flow on the cryptocurrency market
Significant changes in flow are often accompanied by large price fluctuations. When money flows out of exchanges, the price of Bitcoin may temporarily decrease due to oversupply. Conversely, inflows into trading platforms indicate positive sentiment and the potential for short-term price increases. This data helps analysts predict market trends and make more accurate investment decisions. Monitoring cryptocurrency flow is key to gaining a better understanding of the overall market sentiment.
Conclusion
The trend of withdrawing BTC from centralized exchanges in the past week reflects the cautious behavior of large investors. Meanwhile, the inflow of money into trading platforms indicates waiting and long-term hoarding strategies. The cryptocurrency market remains volatile, but capturing the flow trends will help investors make more accurate decisions during critical times.
Source: https://tintucbitcoin.com/du-lieu-55k-btc-rut-khoi-cex/
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