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BTC large withdrawal wave: nearly 3000 coins flowed out of the CEX in 24 hours, yet this exchange is accumulating against the trend.
[Block Rhythm] Just saw an interesting set of on-chain data. In the past 24 hours, centralized exchanges experienced a wave of BTC withdrawals - with a cumulative net outflow reaching 2949.67 BTC.
Who are the top three with the most outflow? A certain leading exchange is far ahead with an outflow of 2950.29 BTC, followed closely by a certain derivatives exchange with an outflow of 628.18, and a certain compliant platform also contributed an outflow of 596.89. It seems that large holders are withdrawing coins to their wallets. Are they looking to self-manage or waiting for a better price?
Interestingly, a leading platform is accumulating against the trend, with a net inflow of 670.58 BTC in the last 24 hours, becoming the only direction of capital inflow. Is this operation an institution bottom-fishing, or is the market reconfiguring? The data speaks, but the logic must be thought out by oneself.