CEX Net Outflow in the Last 7 Days: 40,167.27 BTC

BlockBeats News, March 29th, according to Coinglass data, in the past 7 days, CEX has seen a total net outflow of 40,167.27 BTC, with the top three outflow volumes from CEX as follows:

Bitfinex outflowed 19,599.97 BTC;

Binance outflowed 10,813.43 BTC;

Coinbase Pro outflowed 8,808.65 BTC.

BlockBeats Note: Bitcoin outflowing from an exchange usually indicates that investors are inclined to hold long term, reducing selling pressure, which may reflect increased market confidence and is often considered a bullish signal.