[Global Liquidity Radar] Exchange holdings reach 2.49 million BTC... Monthly net outflow of 50,000 BTC, surge in trading volume in the Americas.

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Bitcoin has seen a slight increase in exchange holdings in the short term, but the overall medium-term trend continues to be one of outflow, leading to a wait-and-see approach.

According to CoinGlass, as of 3:30 PM on the 29th, the total Bitcoin holdings on major exchanges were approximately 2,497,966 BTC.

There was a net outflow of 1,687.50 BTC over the past day, 2,885.16 BTC over the past week, and 49,935.18 BTC over the past month. While some exchanges experienced short-term inflows, the weekly and monthly trends still show a clear net outflow pattern.

Coinbase Pro holds the largest balance among major exchanges, holding 797,469 BTC. It recorded a daily net inflow of 91.27 BTC and a weekly net outflow of 6,207.29 BTC.

Binance holds 654,661 BTC. With a daily net outflow of 392.39 BTC and a weekly net inflow of 1,785.67 BTC, the short-term outflows were followed by a partial reversal of inflows on a weekly basis.

Bitfinex holds 412,799 BTC and has the most stable inflow among major exchanges, with a daily net inflow of 166.62 BTC and a weekly net inflow of 783.69 BTC.

Daily Net Inflows: Bybit (+509 BTC), Bitfinex (+167 BTC), Coinbase Pro (+91 BTC)
Daily Net Outflows: Kraken (-1,116 BTC) OKX (-426 BTC) Binance (-392 BTC)

Trading volume by time zone (Binance BTCUSDT) graph / Coinglass

Binance BTCUSDT trading volume was recorded at $66.52 million during Asian hours, $139.11 million during European hours, and $274.56 million during American hours.

Compared to the previous day (Asia $134.34 million, Europe $87.55 million, and the US $197.12 million), the Asian market decreased by 50.5%, while the European market increased by 58.9% and the US market also increased by 39.3%.

Looking at regional trends, trading volumes in Asian time zones plummeted by half, demonstrating a clear contraction. Conversely, trading volumes in European and American time zones increased significantly, indicating a shift in financial activity toward Western markets. In particular, trading volumes in the US time zone increased the most, indicating that the American market has become the center of short-term liquidity.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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