According to Nansen data, Binance saw an outflow of more than $2 billion in Ethereum-based tokens since December 12th.
When Binance users withdrew their assets so aggressively in June, the cryptocurrency market was reeling from the Terra Luna collapse.
another Tweet From its blockchain intelligence platform, the exchange reported withdrawals of over $2.5 billion in the last 24 hours, with a negative net flow of $1.57 billion. Millions of dollars have flowed in.
Meanwhile, Binance processed $6.6 billion in withdrawals in the 7-day indicator. We’ve seen $4.6 billion inflows, with negative net flows of $1.9 billion. Nansen noted that this is still less than the negative $2.3 billion weekly net flow Binance processed after the FTX collapse.
Market maker withdraws funds
Andrew Thurman reported that two market makers, Jump Trading and Wintermute, are among the accounts that have withdrawn funds in the last 24 hours.thurman said jump withdrew It surpassed $146 million in the past week and redeemed BUSD 245 million last month.
Meanwhile, Wintermute withdrew nearly $10 million. Lookonchain is a market maker that later Transferred $149.85 million USDC To Binance – The last transfer to the exchange was 20 days ago.
Meanwhile, despite these withdrawals, Connor Ryder said there was no change in Bitcoin liquidity on Binance, citing data from Silkworm.
Binance’s Nansen dashboard showed that its assets were worth $62.6 billion, mostly in BUSD, Ethereum, Bitcoin, and Tether.
