Crypto derivatives data platform Coinglass shared that major centralized exchanges (CEX) including Coinbase Pro and Bitfinex witnessed a significant outflow of 37,708 BTC — approximately $3.96 billion — during the last seven days. Coinbase Pro recorded the highest volume of outflows (16,090.2 BTC), followed by Binance, where 11,724.57 BTC exited the platform. This trend suggests that investors are moving their BTC to non-custodial wallets due to increased concerns about exchange security following the fall of FTX. The mass withdrawal of BTC from centralized exchanges is a testament to the growing demand for self-custody and the declining trust in centralized platforms.

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