📡 Binance Flow Watch | Record $USDT Outflow
Binance just printed its largest hourly net $USDT outflow of October at 49.96 million, topping the previous monthly high of 46.72 million from October 16.
The move came with a broadly red tape. In a 50 asset snapshot late on October 24, only 3 assets were higher while 46 were lower.
$EOSUSDT stood out on the green side, up 8.13% in the snapshot, while $VETUSDT slipped 8.02% with sell orders at 88% of its total in the same snapshot.
A record outflow like this could reflect profit taking, de risking, or funds moving off exchange. What matters next is whether outflows stay elevated or fade quickly.
Personal opinion, not financial advice. DYOR.
#Binance #USDT #CryptoMarket
Binance just printed its largest hourly net $USDT outflow of October at 49.96 million, topping the previous monthly high of 46.72 million from October 16.
The move came with a broadly red tape. In a 50 asset snapshot late on October 24, only 3 assets were higher while 46 were lower.
$EOSUSDT stood out on the green side, up 8.13% in the snapshot, while $VETUSDT slipped 8.02% with sell orders at 88% of its total in the same snapshot.
A record outflow like this could reflect profit taking, de risking, or funds moving off exchange. What matters next is whether outflows stay elevated or fade quickly.
Personal opinion, not financial advice. DYOR.
#Binance #USDT #CryptoMarket