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Santiment: CEX Bitcoin Net Outflow Reaches 403,200 in the Past Year
Summary: According to Santiment, as Bitcoin hovers around $90,000, the leading cryptocurrency continues to show a trend of CEX outflows. In the past year, a total of 403,200 Bitcoins have flowed out of CEX, resulting in a net decrease of 2.09% in total supply. Overall, this is seen as a positive long-term signal. Lower exchange holdings ...
According to Santiment, as Bitcoin hovers around $90,000, the leading cryptocurrency continues to show a trend of CEX outflows. In the past year, a total of 403,200 Bitcoins have flowed out of CEX, resulting in a net decrease of 2.09% in total supply. Overall, this is seen as a positive long-term signal. Lower exchange holdings historically make it less likely to trigger significant sell-offs leading to asset price declines.
