"Bitcoin's Big Move: 1754.63 BTC Exits CEX in 24 Hours"

Coin WorldTuesday, Mar 4, 2025 6:46 am ET

1min read

In the last 24 hours, CEX has witnessed a significant net outflow of 1754.63 BTC, according to data from Coinglass. This outflow is a notable development in the cryptocurrency market, which has been volatile in recent times.

The top three exchanges contributing to this net outflow are coinbase Pro, OKX, and Bitstamp, with outflow amounts of 2400.11 BTC, 1280.98 BTC, and 640.06 BTC, respectively. Meanwhile, Binance has seen an inflow of 2666.15 BTC, ranking first in the inflow list.

This net outflow of BTC from CEX could be attributed to various factors, such as investors moving their assets to other exchanges, increased selling pressure, or a shift in market sentiment. However, it is essential to note that the cryptocurrency market is highly volatile and subject to rapid changes in sentiment and price.

The recent market downturn, which saw the US stock market lose $1.5 trillion and the cryptocurrency market lose $300 billion, may have contributed to this net outflow. Investors may be seeking to capitalize on potential gains or mitigate losses by moving their assets between exchanges.

As the market continues to evolve, it is crucial for investors to stay informed about the latest developments and maintain a strategic approach to their portfolios. The recent comments from Arthur Hayes, the former CEO of BitMEX, suggesting that BTC could drop to $70,000 but the bull market cycle is still on, highlight the importance of understanding market dynamics and adjusting strategies accordingly.

The impact of political events, such as the recent press conference held by former US President Donald Trump, on cryptocurrency prices is another factor that investors should consider. The "Trump effect" on cryptocurrency prices has been a topic of discussion, and understanding when to buy the dip can be a crucial aspect of successful investing.

In conclusion, the net outflow of 1754.63 BTC from CEX in the last 24 hours is a significant development in the cryptocurrency market. As the market continues to evolve, investors must stay informed about the latest developments and maintain a strategic approach to their portfolios. The recent market downturn, political events, and market

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.