Massive BTC Outflows from Coinbase Pro and Gemini Amid Significant Inflows to Binance

According to recent data from Coinglass, reported on March 11th, there has been a notable trend in the cryptocurrency exchange landscape. In the last 24 hours, centralized exchanges (CEX) experienced a significant net outflow totaling 2866.15 BTC. Among these exchanges, Coinbase Pro led with a substantial withdrawal of 8533.41 BTC, indicating a shift in investor behavior towards self-custody or alternative trading platforms.

Other exchanges also reported outflows, with Gemini and Bybit seeing withdrawals of 132.59 BTC and 129.66 BTC, respectively. Conversely, Binance marked a noteworthy inflow of 3287.91 BTC, securing its position as the largest recipient during this timeframe. These movements highlight the dynamic nature of the cryptocurrency market and the varying trust levels among different platforms.