**Accelerating Outflows from Major Exchanges Signal Changing Market Trends for BTC and ETH**

According to the latest analysis from Coinglass, recent data over the past week shows interesting trends. Large-scale withdrawals of cryptocurrencies are occurring from multiple major CEXs (centralized exchanges).

**Market Sentiment Reflected in BTC Outflows**

During this period, a total of 6,317.8 BTC have been withdrawn across all CEXs. Looking at the exchanges with the highest withdrawal amounts, a major exchange saw 1,858.91 BTC, another large exchange saw 1,716.22 BTC, and yet another key exchange had 1,711.85 BTC, indicating a fairly even distribution. This trend suggests that investors are diversifying risk across multiple exchanges while simultaneously moving funds to self-custody wallets.

**Scale and Implications of ETH Outflows**

In the same period, ETH outflows were even more significant, with a total of 59,600 ETH withdrawn from CEXs. Unlike BTC, ETH outflows tend to concentrate on specific exchanges. The top outflowing exchange saw 85,000 ETH, the second one 32,800 ETH, and another major exchange 29,700 ETH, showing a more uneven distribution.

**What Do Outflows from CEXs Signify?**

CEXs are central platforms where users exchange fiat currency and conduct trading. Such large-scale outflows may indicate that market participants are adopting a long-term holding stance or moving funds to self-managed wallets to seek staking or other monetization opportunities. A decrease in exchange balances is often viewed as a leading indicator of market bottom formation or trend reversal.

Data source: Coinglass