124k BTC outflow from exchanges in a month: Potential sell volume decrease, price increase possible Cryptocurrency market analysis firm 10X Research analyzed through its official Twitter account that "124k BTC net outflowed from major exchanges in the past 30 days, which could lead to a decrease in BTC's potential sell volume and a price increase." It continued, "Coinbase, which holds the most BTC, saw 72k BTC outflow during the period, which is about 10% of its total balance (748k BTC). Binance also recorded an outflow of 29k BTC, bringing its balance down to 570k BTC. Other exchanges such as Gemini, OKX, and Kraken also showed net outflows, with Bitfinex being the only exchange that experienced a net inflow (8,500 BTC)." The analysis firm explained that if the trend of exchange outflows continues and demand remains, the market could experience a Bitcoin supply squeeze.

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