Bitcoin Updates: Widespread Economic Uncertainty Spurs Withdrawals from Centralized Exchanges While Bitcoin Sees $931 Million in New Investments

Data from Coinglass, cited by

, shows that centralized exchanges (CEX) saw a net withdrawal of 10,548.96 over the past day. This continues a recent trend of outflows, with Pro leading at 12,574.28 BTC, followed by Gemini with 273.41 BTC and Kraken with 63.65 BTC withdrawn. In contrast, Binance registered a net inflow of 1,153.81 BTC, going against the prevailing movement, according to Lookonchain. These withdrawals reflect ongoing caution among traders, especially as major macroeconomic issues—such as the unresolved U.S.-China trade dispute and uncertainty over the Federal Reserve’s policy direction—persist, as highlighted by a .

This shift comes as expectations for a Federal Reserve rate cut intensify, fueling increased crypto inflows. Last week, digital asset investment products attracted $921 million in net inflows, spurred by weaker-than-expected U.S. inflation figures and speculation about looser Fed policy, according to a

. CoinShares reported that accounted for $931 million of these inflows, while experienced $169 million in outflows as investors shifted toward Bitcoin. Analysts say this trend reflects Bitcoin’s growing reputation as a portfolio diversifier rather than just a speculative asset, with 75% of holders now keeping their coins for more than 150 days, according to Yahoo Finance.

On-chain activity from major holders presents a mixed picture. One whale transferred 10,000

(worth $39.11 million) to Binance, while another sold 5,000 ETH for $21 million at an average price of $4,366, as reported by Yahoo Finance. These moves highlight the ongoing tension between short-term profit-taking and long-term optimism. Meanwhile, a whale with a perfect win record increased its Ethereum holdings to $167.35 million, signaling sustained confidence in the asset, according to the same Yahoo Finance report.

The Federal Reserve’s upcoming rate announcement adds further uncertainty. Citigroup forecasts rate cuts in December, January, and March, which aligns with broader market expectations, according to

. However, the Fed’s cautious approach—reflected in internal disagreements at its latest meeting—has contributed to market volatility. The central bank’s balance sheet reduction, scheduled to end December 1, could mark a turning point for liquidity, but ongoing policy uncertainty continues to weigh on risk assets, as noted in a .

Investors are also watching how broader economic changes affect crypto price movements. The Bank for International Settlements and the IMF have observed that Bitcoin and Ethereum often respond to unexpected shifts in U.S. monetary policy, a point emphasized in the StreetInsider article. As the Fed moves toward a more dovish stance, traders are advised to monitor implied volatility and liquidity, which could intensify price fluctuations in both BTC and ETH, according to

.

In the near term, the outflows from CEXs may indicate a move toward safety or preparation for possible sell-offs, as noted by Yahoo Finance. Nevertheless, long-term investors remain positive, pointing to Bitcoin’s evolving status as a store of value and its increasing adoption by institutions, according to Yahoo Finance. With the Fed’s decision approaching and global tensions unresolved, the next direction for the crypto market will likely depend on clearer signals from monetary policy and international trade, the StreetInsider article concluded.