Mmastodon BusinessCrypto first seen 2 h ago, last 2 h ago, peak #6
Bitcoin exchanges shed 31,782 BTC as holders move coins to self-custody
Original: Centralized platforms just lost 31,782 BTC in seven days as holders yanked $2.52B into self-custody. Binance took the he
Centralized crypto exchanges reportedly saw net outflows of 31,782 bitcoin over seven days, worth about $2.52 billion, as holders moved funds into self-custody. Binance took the largest hit with roughly 19,500 BTC leaving the platform, while Coinbase Pro lost around 6,700 BTC. Commenters describe the flows as institutional accumulation and a sign that large investors are pulling coins off exchanges rather than preparing to sell.
Why now: Large-scale bitcoin outflows from major exchanges are being read as a bullish signal of institutional accumulation and growing distrust of centralized platforms.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/106200