10x Research: CEX has a net outflow of 124,000 BTC in the past 30 days, of which Coinbase has outflowed 72,000 BTC

PANews reported on December 14 that 10x Research published an article stating that there are more and more claims about the tightening of Bitcoin supply, especially with the continuous accumulation of Bitcoin ETFs and MicroStrategy, the available supply of Bitcoin continues to decrease, laying the foundation for a potential "squeeze" market. In the past 30 days, the exchange has recorded a net outflow of 124,000 Bitcoins. It is worth noting that:

• Coinbase, which holds the largest Bitcoin reserves, saw an outflow of 72,000 Bitcoins, accounting for nearly 10% of its total balance, which currently stands at 748,000 Bitcoins.
• Binance Bitcoin outflow was 29,000, leaving a remaining balance of 570,000.
• In contrast, Bitfinex saw an inflow of 8,500 bitcoins, increasing its holdings to 391,000.
• Other major exchanges, such as Gemini, OKX, and Kraken, also experienced notable outflows, with Kraken seeing outflows of around 7-8% of its holdings.

If these trends continue and demand remains strong, the market could face a severe Bitcoin supply crunch. This could be further exacerbated by the launch of these Bitcoin ETF options, which could trigger additional gamma squeezes, exacerbating price pressures.