According to the latest data from Coinglass, the cryptocurrency market last week recorded several notable fluctuations concerning the flow of bitcoin on centralized exchanges (CEX). Over a 7-day period, a total of 8,345.97 BTC left these platforms. This large-scale withdrawal phenomenon is influenced by various factors related to market sentiment, asset accumulation trends, or strategic interventions from whales.
Coinbase Pro witnessed a massive outflow with 7,779.99 BTC leaving the system in just one week. This withdrawal trend is often seen as a positive signal, indicating that many investors are inclined to store bitcoin in personal wallets (cold wallet) to protect their assets from volatility.
Not to be outdone, Binance also reported 5,501.72 BTC leaving the exchange. This trend reinforces defensive moves against legal fluctuations while demonstrating strong confidence from long-term investors in the cryptocurrency market. Centralization and legal control pressure are leading users to increasingly prefer self-managing their assets.
In contrast to other major exchanges, Bitfinex attracted 5,213.83 BTC inflow, creating a distinct asset flow shift within the cryptocurrency ecosystem. This inflow may be related to the demand for derivatives trading services, margin, or specific investment strategies of Bitfinex's customer base.
The strong volatility of bitcoin inflows and outflows on CEX reflects sensitivity to both macroeconomic factors and internal news from each exchange. Professional investors closely monitor these metrics to align with whale movement trends, seize arbitrage opportunities, or avoid sudden dump waves.
In summary, last week recorded a strong movement of over 8,000 BTC between exchanges, opening up many uncertainties regarding trading strategies, accumulation sentiment, and defensive trends within the global cryptocurrency community.
Source: https://tintucbitcoin.com/hang-nghin-btc-roi-san-bao-dong/
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