Centralized Exchange Bitcoin Balances Reach One-Year Low 📉

According to Coinglass data, as of January 7, the Bitcoin wallet balance on centralized exchanges (CEX) has dropped to 2,199,387.25 coins, marking the lowest level in nearly a year. This represents a decrease of approximately 17.6% compared to January 6, 2024.

In the past week, CEX has seen a cumulative net outflow of 47,127.60 Bitcoins. The three exchanges with the largest outflows are: Bitfinex with an outflow of 29,690.88 coins, Coinbase Pro with an outflow of 9,368.86 coins, and Binance with an outflow of 7,136.79 coins.

This trend may reflect an increased interest among investors in decentralized storage or adjustments in market strategies. 🔍