$26 billion in BTC and ETH outflows on CEXs so far this year

 CryptoQuant data shows that CEX has experienced a large outflow of Bitcoin this year. From January 1 to August 24, 330,560 BTC (worth $20.8 billion) were withdrawn from these trading platforms. Seven months ago, CEX held a total of 3,009,239 BTC, but it has now dropped to 2,678,679 BTC. If this trend continues, the increasing scarcity of BTC could affect future market stability.

Currently, the exchange's Bitcoin reserves are at their lowest level since November 2018. In addition, ETH reserves on CEX have also decreased significantly, with 1.9 million ETH (worth $5.2 billion) withdrawn from these platforms since the beginning of this year. On the other hand, there has been a large influx of USDT into CEX. Data shows that USDT on these platforms has grown from $12.6 billion to $21.7 billion since January 1.