Santiment: Bitcoin's net outflow from centralized exchanges (CEXs) hit the highest level in nearly seven months this Monday.
45 minutes ago
Santiment released data this morning showing that on Monday, Bitcoin’s net outflow from centralized exchanges (CEXs) reached 24,073 BTC, marking the largest single-day outflow since March 1. CEX Bitcoin supply has fallen to approximately 6.50% of the total BTC supply. Santiment notes that large-scale outflows are typically a bullish signal, as assets leaving CEXs become less readily available for immediate selling. If demand remains strong while circulating supply shrinks, buyers will have fewer coins to absorb, which will push prices higher.
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