PANews reported on December 14 that according to Cointelegraph, data from blockchain intelligence platform Nansen showed that Binance's net withdrawals from December 7 to December 13 were approximately US$3.66 billion. During this period, Binance's total outflows were US$8,783,380,428, while the total inflows were approximately US$5,123,069,081. In addition, although Binance's daily net inflows of Ethereum ERC-20 tokens exceeded US$2 billion in November, this figure reversed to an outflow of more than US$1 billion from December 12 to 13.
Nansen technician Andrew Thurman said the drop in liquidity may be partly due to large market makers exiting the exchange. Research shows that Wintermute withdrew more than $300 million between December 11 and 12, while Jump Finance redeemed more than $30 million in BUSD between December 12 and 13.
Earlier news, Zhao Changpeng said in response to the increase in user withdrawals on Binance that he thought it was a good idea to "stress test withdrawals" on each CEX in turn.