ChainCatcher reported that according to Bitcoinist, retail investors in the cryptocurrency space are showing signs of turning into long-term holders, with recent outflows of Bitcoin (BTC) and Ethereum (ETH) from CEX.
The latest data shows that the CEX balances of the two major cryptocurrencies have fallen to a near four-year low, and analysts interpret this move as a bullish signal for the future. The total amount of Bitcoin in CEX has fallen to less than 2.3 million, or about $158 billion, while the total amount of Ethereum has fallen to less than 16 million, or about $58 billion.