Santiment: 403,200 BTC Flowed Out of CEXs Over Past Year as Supply Fell 2.09%

Bitcoin saw net centralized exchange outflows of 403,200 BTC over the past year, while its market cap hovered around $90,000 on December 9, Santiment said. The firm added that total supply net decreased 2.09% and that lower exchange balances make major sell-offs less likely, describing the trend as a long-term positive.