Only $2.1 billion flowed out in 24 hours. Over seven days, the figure is still $5.053 billion. This isn’t the same kind of run.
$BTC is now at 75,726, down 6.04% in 24 hours. The low of 75,158 came on the 4 a.m. candle.
The key isn’t how much money left, but whose pockets it ended up in. The amount actually moved to rival exchanges was only enough to account for about 20%.
OKX, Bybit, and Bitfinex received $528 million, $412 million, and $73 million, respectively, totaling $1.013 billion.
The remaining 80% didn’t go to rival exchanges at all. It actually left the market.
Binance still has $127.019 billion in assets, with outflows at 3.98%.
A sustained move above 78,000 would signal recovery; a break below 75,158 puts 74,000 in view.
Keep an eye on 75,158. Don’t rush to buy the dip.
Have your withdrawals arrived yet?
$BTC is now at 75,726, down 6.04% in 24 hours. The low of 75,158 came on the 4 a.m. candle.
The key isn’t how much money left, but whose pockets it ended up in. The amount actually moved to rival exchanges was only enough to account for about 20%.
OKX, Bybit, and Bitfinex received $528 million, $412 million, and $73 million, respectively, totaling $1.013 billion.
The remaining 80% didn’t go to rival exchanges at all. It actually left the market.
Binance still has $127.019 billion in assets, with outflows at 3.98%.
A sustained move above 78,000 would signal recovery; a break below 75,158 puts 74,000 in view.
Keep an eye on 75,158. Don’t rush to buy the dip.
Have your withdrawals arrived yet?
