CEX bitcoin reserves hit a five-year low, with nearly $6 billion of BTC flowing out in the past month

In the past month (starting July 11, 2024), 99,308 BTC were transferred out of CEX, worth $5.96 billion. Cryptoquant data shows that the current CEX holds 2,679,880 BTC (worth about $161 billion), the lowest since November 19, 2018.