Editor's PiCK
"Major exchanges, 5739 BTC net outflow in one day…withdrawal trend centered on OKX·Binance"
Minseung Kang
Summary
- It said that 5739.82 BTC was net withdrawn from major crypto exchanges over the past 24 hours.
- It reported that large-scale Bitcoin withdrawals continued, centered on OKX and Binance.
- It said that it is known that the more Bitcoin is withdrawn from exchanges, the higher the likelihood of the coin rising.
A withdrawal trend of Bitcoin (BTC) is continuing at major crypto exchanges.
On the 4th, crypto-focused media BlockBeats cited on-chain data platform Coinglass and reported "A total of 5739.82 BTC was net withdrawn from major centralized exchanges (CEX) in the past 24 hours."
Specifically, OKX recorded the largest net outflow at 6441.77 BTC. Binance followed with 2042.13 BTC, and Bybit with 294.26 BTC. Meanwhile, Coinbase Pro saw a net inflow of 1808.20 BTC, ranking first in inflow volume.
Generally, it is known that the more a coin is withdrawn from crypto exchanges, the more likely that coin is to rise.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to crypto assets](https://media.bloomingbit.io/PROD/news/d8b64ab3-376a-41c1-a0a8-5944ff6b90c7.webp?w=250)
![[Market] Bitcoin slips below $75,000…Ethereum also falls under $2,200](https://media.bloomingbit.io/PROD/news/eaf0aaad-fee0-4635-9b67-5b598bf948cd.webp?w=250)