Bitcoin News Today: Major CEXs Report 705.12 BTC Net Outflow Amid Shift to Off-Chain Storage

In the last 24 hours, major cryptocurrency exchanges (CEX) have recorded a net outflow of 705.12 BTC, signaling a substantial movement of Bitcoin from centralized platforms. According to Coinglass data, the top exchanges experiencing outflows include Bitstamp, Coinbase Pro, and Kraken, with outflows of 2,016.02 BTC, 1,310.78 BTC, and 487.69 BTC, respectively. Meanwhile, Binance reported a net inflow of 1,798.70 BTC, making it the leading exchange in terms of inflow activity[1].

The outflow suggests a possible increase in OTC trading, P2P transfers, or long-term off-chain storage, as users shift Bitcoin away from regulated and transparent environments. Although the exact destinations of the outflow remain unverified, such movements often coincide with broader liquidity adjustments or investor strategy changes. Analysts have noted that large outflows from CEX can be associated with bearish sentiment or heightened regulatory concerns, although no immediate trigger has been identified in this case[2].

This trend aligns with a broader shift seen in recent weeks, where institutional investors and high-net-worth individuals are increasingly moving toward decentralized or privacy-focused alternatives. However, it is crucial to differentiate between short-term market behavior and long-term trends. A 24-hour period of net outflow does not necessarily signal a structural shift in investor behavior but rather a temporary reallocation of assets[3].

Sources:

[1] In the last 24 hours, CEX net outflow of 705.12 BTC (https://www.theblockbeats.info/en/flash/305645)