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CryptoQuant analyst CoinNiel stated that Bitcoin exchange October 27 shifted to net outflows, while the funding rate and open interest rose moderately, but the existing evidence is insufficient to confirm a strengthening trend.
As of September 27, Bitcoin exchange BTC net outflows 7 daily average rose to 16100 per day, reaching a near-1-year high; however, the perpetual-contract buyers’ advantage fell to -1.4, leaving the upward trend unconfirmed.
Coinglass Data shows that over the past 7 days, cumulative net outflows totaled CEX 31,782 coins BTC, with Binance,Coinbase Pro, and Kraken recording the largest outflows.