Bitcoin balances on centralized exchanges (CEXs) have dropped to a two-year low of 2.4633 million BTC, according to Coinglass data reported by ChainThink. This decline is attributed to increased accumulation by strategy and on-chain whales. In the past 24 hours, CEXs saw a net outflow of 8,323.72 BTC, while the 30-day net outflow reached 32,190.17 BTC, indicating a bullish sentiment among large holders.
Bitcoin CEX Balances Hit Two-Year Low as Whales Accumulate
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