BTC CEX Flows Shift: 124.92 BTC Net Inflow in 24h — KuCoin, bitFlyer, Bithumb Receive; Bybit Sees 142.71 BTC Outflow
Coinglass data shows a shift in BTC exchange flows over two reporting windows. Over the past 24 hours centralized exchanges (CEXs) recorded a net inflow of 124.92 BTC, led by KuCoin (+110.83 BTC), bitFlyer (+102.76 BTC) and Bithumb (+58.26 BTC); Bybit reported the largest net outflow (-142.71 BTC). This follows a wider seven-day snapshot reporting much larger aggregate movements and notable inflows to Binance and Bybit in the prior period. The rotation indicates reallocation of BTC across major venues, altering exchange liquidity and order-book depth. For traders, rising deposits to KuCoin, bitFlyer and Bithumb can signal increased sell-side availability or staging for large sell/buy orders, while sustained outflows from Bybit may reduce local liquidity and compress derivatives funding dynamics. Key figures: total 24h CEX net inflow +124.92 BTC; KuCoin +110.83 BTC; bitFlyer +102.76 BTC; Bithumb +58.26 BTC; Bybit -142.71 BTC. Traders should monitor exchange-specific flows, order books and futures funding rates for short-term price discovery and volatility signals.
Neutral
The net 24-hour inflow of 124.92 BTC concentrated on KuCoin, bitFlyer and Bithumb, alongside a large outflow from Bybit, signals reallocation rather than clear directional conviction for price. Short-term: increased deposits on some exchanges can create selling pressure if holders choose to liquidate, which is potentially bearish; however, concentrated inflows also deepen order books and enable larger buy-side execution, which can limit volatility. Bybit outflows reduce liquidity there and may raise local funding-rate volatility in futures markets, affecting short-term derivatives price action. Longer-term: these flow shifts alone do not imply sustained directional change for BTC price absent macro drivers (macro liquidity, ETF flows, miner sales). Overall, the mixed exchange-specific moves point to heightened microstructure activity and short-term volatility risk but not a decisive bullish or bearish signal for BTC price.