Binance outflow pressure is easing, and that is the first calmer sign since the hack. 💥
KuCoin reports that Binance 24 hour net outflows fell from a peak of about 7 billion dollars to about 3.5 billion dollars, as the exchange added market maker incentives and user promotions to rebuild liquidity, while DeFiLlama data in the same report shows the pressure is still real. 📊 My reading is that easing outflows matter more than any single price candle, because a panic phase ends when withdrawals slow, not when price bounces for an hour, but the earlier report that order book depth fell about 30 percent at one point is a reminder liquidity is still thinner than normal.
Do easing outflows make you calmer about Binance, or do you still want to see withdrawals slow further? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoFlows
KuCoin reports that Binance 24 hour net outflows fell from a peak of about 7 billion dollars to about 3.5 billion dollars, as the exchange added market maker incentives and user promotions to rebuild liquidity, while DeFiLlama data in the same report shows the pressure is still real. 📊 My reading is that easing outflows matter more than any single price candle, because a panic phase ends when withdrawals slow, not when price bounces for an hour, but the earlier report that order book depth fell about 30 percent at one point is a reminder liquidity is still thinner than normal.
Do easing outflows make you calmer about Binance, or do you still want to see withdrawals slow further? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoFlows
