quick take
- Bitcoin outflow from Binance on June 7 appears to be much smaller compared to previous surrenders.
- About 12,000 bitcoins leaked from Binance on June 7th.
- Last year, especially during the FTX collapse, Binance leveled the exchange by 40,000 Bitcoins in a single day.
- This suggests that investors are unperturbed by the SEC lawsuit over a potential asset freeze.
- But today’s main story is BNB’s 8% drop on June 7th.
The article, Binance Experiences Small Bitcoin Outflow Despite SEC Lawsuit Concerns, first appeared on CryptoSlate.
