On July 5, more than 46,000 BTC flowed out of CEX, the largest outflow this year

On July 8th, according to CryptoQuant analyst Woominkyu, the largest Bitcoin outflow since 2024 occurred on July 5th, with over 46,000 BTC flowing out of spot exchanges. The peak outflow shown in the chart indicates that a large amount of Bitcoin is being transferred from exchanges to wallets; investors typically view this large-scale withdrawal as a bullish signal, believing that large holders may anticipate price increases or prefer to hold long-term rather than sell.