$7 Billion Withdrawn from Binance in a Week, Heightening Short-Term Volatility Concerns
Recent Outflows from Binance: Binance experienced over $7 billion in net outflows across stablecoins and major assets in the past week, coinciding with significant withdrawals from Bitcoin and Ethereum.
Impact on Market Liquidity: Analysts suggest that shrinking liquidity on exchanges could lead to increased short-term volatility, as capital appears to be leaving Binance rather than rotating internally among assets.
Stablecoin Withdrawals: The outflows included approximately $2.26 billion from ERC-20 USDT and around $1.24 billion from USDC, indicating a broader trend of reduced liquidity in the market.
Market Sentiment and Trading Activity: Despite the outflows, trading activity on Binance remains active, but there are signs that U.S. buyers are stepping back, contributing to a bearish sentiment around Binance Coin (BNB).
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