According to Coinglass data, in the last 7 days about 40,213.72 Bitcoins have flowed out of centralized exchanges (CEX), with Coinbase Pro accounting for the majority at 29,604.51 Bitcoins.
Withdrawals were concentrated on Coinbase Pro; Binance and Bybit recorded 3,675.84 and 1,485.41 Bitcoins, respectively. This data reflects the amount of Bitcoin that moved out of CEX exchanges over the past week, which could affect liquidation and supply in the short-term market.
- Total withdrawals: about 40,213.72 Bitcoin in 7 days.
- Coinbase Pro was the largest source of withdrawals with 29,604.51 Bitcoin.
- Binance and Bybit withdrew 3,675.84 and 1,485.41 Bitcoins respectively.
Data overview
Coinglass data shows that around 40,213.72 Bitcoins were withdrawn from CEX exchanges in the last 7 days.
Of these, Coinbase Pro accounted for 29,604.51 Bitcoins; Binance and Bybit recorded 3,675.84 and 1,485.41 Bitcoins respectively. These figures represent a large volume of movement away from centralized exchanges in the short term.
According to Coinglass data, about 40,213.72 Bitcoins flowed out of CEX exchanges in the recent week, with Coinbase Pro leading the way.
Coinglass, the cryptocurrency market data platform
Implications for the market
Large Bitcoin withdrawals from CEX exchanges can affect exchange liquidation and circulating supply in the short-term trading market.
When Bitcoin leaves an exchange, selling pressure may temporarily decrease on that exchange, but the actual impact depends on where the funds are transferred to (private wallet, other exchange, or storage contract).
Notes on data usage
Aggregated data from platforms like Coinglass reflects on-chain movements and exchange-related addresses, but does not explain trading dynamics.
Reading the numbers requires combining market context, other on-chain reports, and exchange information to fully appreciate the significance of the flows.
Does this data mean Bitcoin is being sold en masse?
Not necessarily; withdrawals from exchanges can be to Cold Storage, personal wallets, or other exchanges. Further analysis of destination behavior and sell order volume is required.
Is Coinglass a reliable source of reference?
Coinglass is an on-chain data aggregation and transaction update platform; it is a useful reference but should be cross-checked with other sources for confirmation.
What is the impact of this cash flow on Bitcoin price?
The impact on price depends on whether the withdrawal reduces supply on the exchange or moves it to where there is a selling trend. It is not possible to immediately confirm the impact from withdrawal numbers alone.
What additional data should be tracked for better understanding?
It is advisable to XEM at Cold Storage in/out data, exchange volume , large buy/sell orders and other on-chain indicators to get the full picture.
