Overview

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A positive value 🟢 shows aggregate stablecoin supply on Binance has increased (inflows), while the negative value 🔴 underscores a net outflow. To isolate the net The past few days have been all about Binance. From CFTC’s lawsuit to the increased outflows, the exchange Explained: Binance’s Record $295M Daily Stablecoin Outflow Net stablecoin outflow from Binance hits $295 million per day amid CFTC lawsuit and BUSD shift According to the current value of this metric, investors are withdrawing stablecoins at a rate of $295 million per day from the cryptocurrency exchange. This is the largest net stablecoin Binance has seen the largest net outflow of stablecoins in its history. A Glassnode report has confirmed a significant decrease in Binance's USD value and stablecoin Glassnode’snet flow volumeis a crucial metric that estimates the number of crypto assets leaving or entering an exchange. The value of this metric is usually positive when a large number of assets are transferred to the exchange. Source: Glassnode Conversely, a negative value indicates an increased withdrawal of Ver más According to a recent report by Glassnode, the net flow volume of stablecoins surged to a high of $295 million per day from Binance. Glassnode’s net flow volume estimates Binance has experienced an unprecedented net outflow of stablecoins, according to a Glassnode report. According to the report, investors are pulling out $295 million worth of

Binance Records Biggest Stablecoin Net Outflow of $295M in a Day: What's Happening?

Binance has experienced an unprecedented net outflow of stablecoins, reaching a record $295 million in a single day. This significant movement, confirmed by a Glassnode report, has sparked concern and raised questions within the cryptocurrency community. What's behind this massive withdrawal?

Explaining the $295M Stablecoin Outflow from Binance

The past few days have been all about Binance. From the CFTC’s lawsuit to the increased outflows, the exchange faces increased scrutiny. This record outflow is largely attributed to several factors, including the recent CFTC lawsuit and the ongoing BUSD shift. Investors are reacting to the regulatory uncertainty and adjusting their holdings accordingly. According to the current value of this metric, investors are withdrawing stablecoins at a rate of $295 million per day from the cryptocurrency exchange.

Understanding Stablecoin Net Flow: Inflows vs. Outflows

Glassnode’s net flow volume is a crucial metric that estimates the number of crypto assets leaving or entering an exchange. The value of this metric is usually positive when a large number of assets are transferred to the exchange. Source: Glassnode. A positive value 🟢 shows aggregate stablecoin supply on Binance has increased (inflows), while the negative value 🔴 underscores a net outflow. To isolate the net, we focus on this outflow figure, revealing the scale of recent withdrawals.

Binance's Response and Future Outlook

While Binance has yet to release an official statement directly addressing the $295 million outflow, they have reiterated their commitment to transparency and compliance. The long-term impact of this event remains to be seen, but it highlights the sensitivity of the market to regulatory developments and exchange-specific news. This is the largest net stablecoin Binance has seen in its history.

Glassnode's Analysis of the Situation

According to a recent report by Glassnode, the net flow volume of stablecoins surged to a high of $295 million per day from Binance. Glassnode’s net flow volume estimates Binance has experienced an unprecedented net outflow of stablecoins, according to a Glassnode report. According to the report, investors are pulling out $295 million worth of stablecoins, contributing to a significant decrease in Binance's USD value and stablecoin reserves.

Stay tuned for further updates as the situation unfolds.

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