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Bitcoin Withdrawals on CEX Exchanges Reach New Heights
ByAinvest
Thursday, Sep 18, 2025 4:41 am ET1min read
Over the past 24 hours, CEX has experienced a net outflow of 7,918.29 BTC. The top three exchanges with outflows are Coinbase Pro, Bitstamp, and Kraken, while Binance witnessed an inflow of 571.67 BTC. This suggests a trend of Bitcoin withdrawals from exchanges.
Over the past 24 hours, centralized exchanges (CEXs) have experienced a significant net outflow of 7,918.29 BTC, according to data from Coinglass [1]. This trend suggests an increased interest in moving Bitcoin holdings out of exchanges, possibly driven by various factors including market volatility, security concerns, or strategic asset management.The top three exchanges with the highest outflows are Coinbase Pro, Bitstamp, and Kraken. Coinbase Pro alone accounted for a substantial outflow of 1,354.08 BTC, while Bitstamp and Kraken saw net outflows of 1,231.56 BTC and 635.33 BTC, respectively [1]. In contrast, Binance witnessed a net inflow of 571.67 BTC, indicating a different trend for the exchange.
The recent hack at Coinbase has likely contributed to the overall trend of Bitcoin withdrawals. The hacker behind the $300 million exploit targeting Coinbase users has been active, making costly trading mistakes involving Ethereum (ETH) [2]. The hacker's poor trading decisions resulted in an estimated $932,000 loss in only two days, highlighting the potential risks associated with large-scale hacks and the importance of secure asset management.
The broader market sell-off in the past 24 hours, where Ethereum was among the hardest-hit assets, may also have influenced the increased Bitcoin withdrawals. As of press time, ETH was trading at $4,493, down 2.6% in the last day [2].
The hacker's diversification strategy, involving the movement of stolen funds across major blockchain networks and the use of decentralized exchanges and aggregators, suggests a broader trend of decentralization in the cryptocurrency industry. This trend is likely to continue as users seek to enhance the security and control over their digital assets.
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