On-chain data shows Binance has continued to observe Bitcoin outflows amid recent uncertainty. Is this something you should worry about?
Binance Has Observed Peak Bitcoin Outflows Of 14,000 BTC
Just a few days ago, the US Securities and Exchange Commission (SEC) sued the cryptocurrency exchange Binance and its CEO, Changpeng Zhao, over alleged securities fraud.
Whenever there is uncertainty like this about an exchange, users of the platform may naturally display panic. One way to gauge market reaction around such FUD is by checking whether the investors are withdrawing their coins from the exchange or not. The netflow indicator can serve well for this purpose.
The “Binance netflow” is a metric that measures the net amount of Bitcoin entering or leaving the cryptocurrency exchange. The indicator’s value is simply calculated as the difference between the inflows and the outflows.
When the value of this metric is positive, it means that the inflows are overwhelming the outflows righ
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