According to data from Coinglass as of January 20th, the cryptocurrency landscape has witnessed significant shifts, with centralized exchanges (CEX) experiencing a staggering net outflow of 13,686.83 BTC over the past week. The leading contributors to this outflow include Bithumb, which accounted for 8,853.27 BTC, followed by Binance with 4,850.95 BTC, and Kraken seeing a withdrawal of 3,202.55 BTC. This trend mirrors a broader sentiment among investors as trust in centralized platforms continues to wane. Over the past 30 days, the cumulative net outflow from CEX has reached an alarming 59,842.19 BTC, underscoring the ongoing volatility in the market. Such developments necessitate a closer examination of investor behavior and the potential implications for liquidity across the crypto ecosystem.
Source: https://en.coinotag.com/breakingnews/bitcoin-faces-major-outflows-cex-sees-13686-btc-withdrawn-in-just-one-week/