Binance recorded over $2 billion in outflows in Ethereum-based tokens since Dec. 12 –its highest daily withdrawal since June– according to Nansen data.
Source: Nansen
When Binance users’ withdrew assets this aggressively in June, the crypto market was reeling from Terra Luna’s collapse.
A separate tweet from the blockchain intelligence platform reported that the exchange recorded over $2.5 billion in withdrawals in the last 24 hours and has a negative netflow of $1.57 billion. The exchange had an inflow of around $935 million during this period.
Meanwhile, Binance has processed $6.6 billion in withdrawals on the seven days metrics. It saw $4.6 billion in inflows and has a negative netflow of $1.9 billion. Nansen noted that this was still less than the negative $2.3 billion weekly netflow Binance processed following the FTX collapse.
Market makers withdraw funds
Andrew Thurman reported that two market makers, Jump Trading and Wintermute, were among the accounts that withdrew fun
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