The most obvious single inflow of funds in the market today is the exchange’s day-to-day fund return. Binance spot rose 6.76% in 1 day, taking away one day’s liquidity; Bybit closely followed with +2.86%. On a daily basis, it looks like the in-market money has been absorbed by these two spot exchanges. But on the 7-day view, the accumulated funds are still on another track: $WBTC is up 22.13% over the week, $Lido, the leading liquid staking token, is up 29.69%, and $AAVE (lending) is up 18.89%. Cross-chain bridges move in sync with +22.71%, so the “staking + wrapping + bridge” three-piece set is moving at the same rhythm. The outflow in 1 day is actually from Binance’s own staking Ethereum product at -1.47%; moving in sync with the cross-chain bridge, it dips slightly. This suggests that today’s in-market money is still being held within the exchanges rather than having left. However, from the 7-day perspective, this line that’s tied to staking + wrapping + bridges has not fallen behind. In other words, the direction of fund return hasn’t really changed.

#交易所回流 #三件套同频 #DeFi