BTC Sees Major CEX Inflows: Coinbase Pro Leads with 470.77 BTC Amidst Market Movements

On March 17th, recent data from Coinglass highlighted significant movements in the cryptocurrency market, specifically regarding Bitcoin (BTC) transactions on centralized exchanges (CEXs). Over the past 24 hours, a total of 597.53 BTC was recorded in net inflows across major platforms. The largest volumes were observed on Coinbase Pro, with an impressive inflow of 470.77 BTC, followed by Kraken at 284.95 BTC and Binance capturing 254.21 BTC. In a contrasting trend, Bybit witnessed the highest outflow, totaling 140.27 BTC, indicating a potential shift in trader sentiment or liquidity preference. Such inflow and outflow dynamics are critical for investors as they provide insights into market behavior and exchange popularity, significantly influencing trading strategies.