[Santiment: Bitcoin CEX Net Outflow Hits 7-Month High on Monday] BlockBeats News, October 7 — Santiment released data this morning indicating that on Monday, Bitcoin CEX net outflow reached 24,073 BTC, marking the largest single-day outflow since March 1. The CEX supply has dropped to approximately 6.50% of the total BTC supply. Santiment believes that large-scale outflows are typically a bullish signal, as coins leaving CEXs become less readily available for immediate selling. If demand remains strong while liquid supply decreases, buyers will have fewer coins available to absorb, which then necessitates upward price movement. [Original Link]