In a notable shift in the cryptocurrency landscape, data from Coinglass reveals that centralized exchanges (CEX) have experienced a substantial net inflow of 9,555.54 BTC over the last week. This influx highlights the growing interest in trading platforms, with Bitfinex leading the charge, accounting for 6,340.19 BTC of the total inflow. Following closely, Kraken contributed 3,438.33 BTC, while Bybit saw an intake of 1,016.06 BTC. Over the previous 30 days, CEX has recorded an impressive net inflow of 51,160.75 BTC, indicating a robust market sentiment among traders. This trend suggests that investors are increasingly opting for CEX platforms, potentially driven by factors such as enhanced liquidity and user-friendly interfaces, pivotal for executing large-scale transactions in today’s volatile crypto market.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024