Bitcoin supply could tighten as exchanges see 124K BTC outflow in past month: 10x Research

In a recent post on X, 10x Research predicted that the crypto market could face a Bitcoin (BTC) supply squeeze if the current outflow trends continue alongside strong demand. The crypto market analysis firm highlighted this against the backdrop of cryptocurrency exchanges collectively experiencing a net outflow of 124,000 BTC over the past 30 days. Coinbase, which holds the largest BTC reserves among exchanges, saw an outflow of 72,000 BTC—nearly 10% of its total holdings—bringing its balance down to 748,000. Binance recorded outflows of 29,000 BTC, leaving its balance at 570,000. Similarly, Gemini, OKX and Kraken also reported notable outflows during this period. In contrast, Bitfinex stood as an outlier with an inflow of 8,500 BTC.