Bitcoin Posts 2,721 BTC Net Outflow From Major Exchanges in Past Week as Funding Rates Turn Neutral

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Bitcoin recorded a net outflow of 2,721.19 BTC from centralized exchanges over the past week, even as the token surged this week. Funding rates at major exchanges have meanwhile returned to neutral.

Crypto media outlet BlockBeats reported on August 22, citing CoinGlass data, that centralized exchanges saw total net Bitcoin outflows of 2,721.19 BTC over the past seven days.

Bithumb posted the largest net outflow at 6,058.26 BTC, while Kraken recorded an outflow of 3,470.62 BTC. The total net outflow was smaller than those figures because other exchanges logged net Bitcoin inflows.

Funding rates across major centralized and decentralized exchanges were broadly neutral as Bitcoin held on to this week's sharp gains.

Funding rates are payments exchanged between long and short traders to keep perpetual futures prices close to spot prices. In general, higher funding rates indicate heavier positioning in long bets, while lower rates signal a stronger bias toward shorts.