shows a consistent decline in Bitcoin outflows from exchanges since July 2021. According to the latest data, there are just over two million BTC remaining on exchanges. Reduced Bitcoin holdings on exchanges can be seen as a sign that more investors are opting to hold their assets in private wallets, a move often associated with a long-term bullish sentiment.Delving deeper into the exchange data, CoinGlass’s Bitcoin Exchanges Balance trackerthe circulating BTC held by major CEXs.
Coinbase Pro follows closely behind with 436,235 BTC, but it also witnessed a net withdrawal of 210 BTC in the same period. Similarly, Bitfinex holds 368,856 BTC, with an outflow of over 5,183 BTC during the past month. One intriguing outlier in this exchange balance data is OKX, which recorded a notable inflow of Bitcoin in the last 30 days, receiving 4,642 BTC onto its platform while maintaining a balance of 124,017 BTC. This unique influx suggests a specific market dynamic surrounding OKX, potentially indicating that it is attracting new traders or investors.
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