Bitcoin Net Outflows Exceed $2B from Centralized Exchanges as Investors Move to Self-Custody, Bullish Long-Term Signal

COINOTAG News reported on October 31 that Sentora, previously IntoTheBlock, highlighted meaningful outflows from centralized exchanges for both Bitcoin and Ethereum this week, with Bitcoin’s net withdrawal exceeding $2 billion. The finding points to a growing tilt toward self-custody as investors position portfolios for the long term amid ongoing macro uncertainty and liquidity constraints in the crypto space.

While market noise persists, analysts view these flow dynamics as a constructive bullish signal rather than a mere liquidity drain, given the migration of assets to self-custodial wallets and non-exchange vaults. The trend can reduce exchange risk, tighten near-term supply, and potentially support prices if sustained. Traders should monitor on-chain metrics, reserve movements, and custody infrastructure to assess risk-adjusted exposure and refine allocation strategies.