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Crypto Exchanges See 2480.11 BTC Outflow In 24 Hours

Coin WorldFriday, May 2, 2025 8:12 am ET
1min read

In the past 24 hours, centralized exchanges (CEX) experienced a significant net outflow of 2480.11 BTC. This outflow was primarily driven by three major exchanges: Binance, OKX, and Gate.io. Binance led the outflow with 3313.42 BTC, followed by OKX with 514.69 BTC, and Gate.io with 231.38 BTC. These figures indicate a substantial movement of Bitcoin from these exchanges, which could be attributed to various factors such as users transferring their holdings to personal wallets or other platforms.

On the other hand, Kraken saw an inflow of 1316.93 BTC, making it the top exchange in terms of Bitcoin inflows. This inflow suggests that some users may be moving their Bitcoin to Kraken, possibly for trading, storage, or other purposes. The net outflow from CEXs and the inflow into Kraken highlight the dynamic nature of the cryptocurrency market, where users frequently move their assets between different platforms.

The net outflow of 2480.11 BTC from CEXs in the last 24 hours is a notable event in the cryptocurrency market. This movement could be influenced by several factors, including market sentiment, regulatory changes, or strategic decisions by users and institutions. The outflow from Binance, OKX, and Gate.io, coupled with the inflow into Kraken, underscores the fluidity of the market and the importance of monitoring these movements for a comprehensive understanding of market trends.

Ask Aime: "Did Binance lead the Bitcoin outflow?"

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Outrageous_Kale_3290
05/02
Binance outflow makes me nervous, might be time to hedge with $AAPL. Anyone else diversifying?
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amanoraim
05/02
Hodling BTC, not touching these volatile exchanges.
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nrthrnbr
05/02
OKX and Gate.io following Binance's lead? Users might be preparing for a big sell-off. Thoughts?
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No-Sandwich-5467
05/02
@nrthrnbr Are they planning a dump?
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SuperRedHulk1
05/02
I'm holding onto my ETH. These exchange dramas don't faze me. Long-term game only, folks.
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TenMillionYears
05/02
Kraken inflow is interesting. Could be smart to park some BTC there for short-term gains. 📈
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Blackhole1123
05/02
Kraken inflow 🚀 looks bullish, no?
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dantheman2108
05/02
2480 BTC outflow is wild. Could be whales dumping or just typical Saturday shenanigans. 🤔
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BeefMasters1
05/02
Binance dip? Might be a buy op.
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skarupp
05/02
OKX and Gate.io lagging, what's up guys?
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foo-bar-nlogn-100
05/02
Kraken's BTC inflow looks bullish. Could be smart to park some coins there for a trading play.
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TheSpecialJEfff
05/02
@foo-bar-nlogn-100 How long you planning to hold BTC on Kraken? Any specific trading strategy in mind?
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Big-Decision-1458
05/02
Binance bleeding BTC? Users might be cashing out due to market jitters. Time to hedge with $AAPL?
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nickolasjt
05/02
@Big-Decision-1458 Are you worried about Binance's outflow?
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Bothurin
05/02
@Big-Decision-1458 Yep, looks like a cash-out situation.
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Smooth-Resident
05/02
Wow!Those $BTC whale-sized options block were screaming danger! � Closed positions just in time profiting more than $381
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Urselff
05/02
@Smooth-Resident How long were you holding those BTC options? Curious about the timeframe and how it influenced your decision.
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Inevitable-Elk-4162
05/02
@Smooth-Resident Sold at $381? Nice score. What’s your next move in the crypto space?
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