CEX net outflow of 15,200 ETH in the past 24 hours

2025-12-262025-12-23 by admin

BlockBeats news, December 23, according to Coinglass data, over the past 24 hours, CEXs saw a cumulative net outflow of 15,200 Ethereum, with the top three CEXs by outflow as follows:

· Binance, outflow of 26,300 ETH;

· Bybit, outflow of 2,616.43 ETH;

· Gate, outflow of 1,334.72 ETH.

Additionally, Kraken had an inflow of 13,300 ETH, ranking first on the inflow list.

PANews reported on December 31 that Tom Lee, co-founder of Fundstrat and chairman of BitMine, wrote on the X platform: "Typically, during these last holiday trading sessions, many institutional investors exit the market, and algorithmic trading programs and bot trading programs begin to dominate the market, along with sell-offs for tax avoidance. These constitute the market dynamics in the last few days of December." Previously, in BitMine's announcement of acquiring 44,463 ETH last week, Tom Lee mentioned that market activity tends to slow down as the year enters its final weeks of holiday season. Year-end tax-avoidance selling depresses cryptocurrency and cryptocurrency-related stock prices, with this effect typically most pronounced between December 26th and December 30th; therefore, they are adjusting their market strategy accordingly. Earlier today, it was reported that Bitmine pledged another 118,944 ETH and increased its holdings by 32,938 ETH .