Investors might have rebuilt some confidence in CEXs, with BTC exchange outflow volumes hitting a seven-month low record.
, around $8 billion worth of crypto left CEXs in a matter of a week last month. Bitcoin withdrawals accounted for about $3.7 billion, while ether transactions were $2.5 billion.
Things escalated earlier this month when reports emerged claiming that the US Department of Justice mightDespite being described by CEO Changpeng Zhao as FUD, the speculation triggered another massive wave of withdrawal requests.outflow transactions worth $8 billion on December 13. Zhao said his company coped with the customers’ demand, reassuring that it is financially stable and a safe place for investors.
According to recent data by Glassnode, the panic among investors seems to be alleviating, with the 7d moving average for bitcoin exchange outflow volumes shrinking to 986.237 BTC. The last time the figures were so low was in May this year.
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