Bitcoin Inflows Surge on CEXs: $100M in a Week

Over the past seven days, centralized exchanges (CEXs) have witnessed a significant net inflow of 9,555.54 BTC, according to data from Coinglass. This influx of Bitcoin represents a substantial increase in trading activity and investor interest in the cryptocurrency market.

The top three CEXs by inflow volume during this period were Bitfinex, with an inflow of 6,340.19 BTC, followed by Kraken with 3,438.33 BTC, and Bybit with 1,016.06 BTC. These exchanges have emerged as popular destinations for traders and investors looking to buy and sell cryptocurrencies.

In the broader context, the total net inflow of BTC across CEXs over the past 30 days has been 51,160.75 BTC. This trend suggests a consistent increase in trading activity and investor interest in the cryptocurrency market, as more individuals and institutions continue to allocate resources to digital assets.

The recent surge in net inflows to CEXs can be attributed to various factors, including the growing acceptance of cryptocurrencies as a legitimate asset class, the increasing demand for decentralized finance (DeFi) services, and the ongoing development of the broader blockchain ecosystem. As the market continues to evolve, it is likely that we will see further growth in trading activity and investor interest in the cryptocurrency sector.