25,141 BTC Exit CEXs in 7 Days — Coinbase Pro Leads with 11,236 BTC
Coinglass data shows a cumulative net outflow of 25,141.37 BTC from centralized exchanges (CEXs) over the past seven days. The largest single exchange withdrawal came from Coinbase Pro with 11,236.77 BTC, followed by Binance (4,652.85 BTC) and Kraken (3,811.00 BTC). Over a 24‑hour snapshot earlier, Coinotag/C oinglass data recorded a 426.48 BTC net outflow, with major withdrawals from Coinbase Pro (1,119.30 BTC) and Binance (862.13 BTC) while Kraken posted a 1,150.41 BTC inflow — highlighting shifting, exchange‑level liquidity. Among major venues, Gate.io registered the largest seven‑day inflow (+415.60 BTC). Flows are fragmented across venues rather than showing a single uniform trend, suggesting active trader repositioning and custody movements. Traders should monitor exchange flows, on‑chain metrics and funding rates: large concentrated outflows from specific venues can reduce sell-side liquidity on those platforms and may create short‑term price pressure or funding‑rate dislocations, while inflows to custodial venues can signal accumulation or staging for sell orders. Maintain disciplined cross‑exchange transfer practices and verify custody/audit status during elevated volatility.
Bearish
Large, concentrated net outflows of BTC from centralized exchanges — especially the 11,236 BTC withdrawal from Coinbase Pro and multi-thousand BTC moves from Binance and Kraken — reduce on‑exchange sell liquidity and can increase short‑term downside pressure on Bitcoin’s price. Fragmented flows (inflows on some venues like Gate.io and Kraken’s recent inflow in the 24‑hour snapshot) indicate repositioning rather than a clear custodial accumulation narrative, which limits a sustained bullish interpretation. Short‑term impact: likely bearish due to thinner liquidity and potential forced selling or funding‑rate volatility. Medium/long‑term impact: neutral to mixed — if outflows represent transfers to cold storage by long‑term holders, this is bullish for supply dynamics; if they reflect migration between custodians ahead of sales, the downward pressure may persist. Traders should watch exchange-specific order books, funding rates, and on‑chain withdrawal-to-address metrics to gauge whether outflows are long‑term Hoarding or near‑term sell preparation.