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On January 13th on-chain data: Over 1,000 BTC flowed out from CEX. Who is taking the order this time?
【BlockBeats】In the past 24 hours, there has been an interesting divergence in BTC liquidity across exchanges. According to on-chain data, the CEX market has experienced a net outflow of over 1,000 BTC, reflecting an increasing willingness among traders to withdraw funds.
The outflow pressure mainly comes from several leading exchanges. One major platform led with an outflow of 915.96 BTC, another exchange followed with an outflow of 499.46 BTC, and Gate also experienced an outflow of 238.68 BTC. What does this large-scale withdrawal usually indicate? It could mean that investors are taking profits and moving to self-custody, or they might be preparing for upcoming actions.
An interesting contrast is that Kraken became the only major inflow, absorbing 796.45 BTC. This difference reflects varying attitudes among market participants towards different platforms and gives us an angle to observe the true flow of funds—who is accumulating and who is distributing.