Bitcoin Sees Significant Exchange Outflows: 47,127.60 BTC Withdrawn in Just 7 Days

According to latest data from Coinglass published on January 7th, centralized exchanges (CEX) have experienced significant net outflows recently. Over the past week, the sector recorded a cumulative outflow of 47,127.60 BTC, with a more pronounced trend seen over the last 30 days totaling 93,791.48 BTC. Current Bitcoin reserves in exchange wallets stand at 2,199,387.25 BTC, marking the lowest level since January 2024, and reflecting a 17.6% decline from the 2.6623 million BTC recorded on January 6, 2024. Notably, Bitfinex leads the outflow statistics, contributing 29,690.88 BTC, followed by Coinbase Pro with 9,368.86 BTC, and Binance, which had an outflow of 7,136.79 BTC. This substantial decrease in exchange holdings may signal shifting investor sentiment within the cryptocurrency market.