Bitcoin Sees 9,555 BTC Net Inflow in Just One Week Amidst CEX Trading Surge

BTC

BTC/USDT

$84,033.22

-0.71%

$84,033.22

-0.71%

(24s)

24h Volume

$18,762,666,499.87

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.5%

Long: 58.5%Short: 41.5%

Funding Rate

+0.0020%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$83,941.37

▼ -0.56%

Volume (24h): -

Resistance Levels

Resistance 3$94,549.91

Resistance 2$86,052.92

Resistance 1$84,048.83

Price$83,941.37

Support 1$83,209.30

Support 2$77,001.87

Support 3$75,259.66

Pivot (PP):$84,075.87

Trend:Uptrend

RSI (14):63.7

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.