According to Jinse, Santiment tweeted that as Bitcoin's market cap hovers around $90,000, the leading cryptocurrency continues to show a trend of net outflows from centralized exchanges (CEX). Over the past year, the total net outflow of Bitcoin from CEX platforms reached 403,200 BTC, representing a 2.09% reduction in total supply. This trend is generally seen as a long-term positive signal, as historically lower exchange holdings are less likely to trigger major sell-offs that drive asset prices down.
Santiment: CEX Bitcoin Net Outflows Reach 403,200 BTC in One Year
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