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Santiment: Net outflow of 403,200 Bitcoins from CEXs over the past year
Santiment tweeted, "As Bitcoin's market cap hovers around $90,000, Bitcoin—the largest cryptocurrency by market capitalization—continues to show a trend of leaving centralized exchanges (CEXs). In the past year, a total of 403,200 Bitcoins have flowed out of CEXs, resulting in a net decrease of 2.09% in total supply. Overall, this is a long-term bullish signal. The lower the amount of Bitcoin held on exchanges, the less likely, historically, that major sell-offs occur that drive asset prices down.
$BTC