Bitcoin worth $670 million leaves centralized exchanges. Increased bitcoin outflow from centralized exchanges means fewer coins available for sale and scope for rally. Reports godbole17
Bitcoin's net exchange flows
Blockchain data provided by Glassnode shows that more than 18,000 bitcoin worth $670 million left centralized exchanges on Thursday, registering the biggest single-day net outflow in over a month. Crypto exchange BitMEX alone saw net outflow of over 9,500 bitcoins.Outflows do not necessarily imply passive investing and investors often tokenize coins drained from centralized exchanges on the Ethereum blockchain to earn extra yield.
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