Bitcoin Outflows Surge: Coinbase Pro Leads with 13,334 BTC in the Last Week

According to recent data from Coinglass, cryptocurrency exchanges (CEX) experienced a significant net outflow of 7548.48 BTC over the last week. Notably, the exchanges leading this outflow include Coinbase Pro, which faced a staggering outflow of 13,334.71 BTC, followed by Kraken with 7030.39 BTC, and KuCoin with 1001.73 BTC. This trend indicates a cautious investor sentiment as traders may be consolidating their assets away from centralized exchanges. In a broader perspective, the past month has shown a net inflow of 43,715.01 BTC into CEX platforms, suggesting a complex market behavior where short-term outflows do not overshadow the overall positive trend in liquidity. Monitoring these flows is crucial for understanding market dynamics and investor behavior in the evolving landscape of cryptocurrency.