Following the news about Binance, there has been a noticeable outflow of coins from the exchange. The chart below illustrates the two-week perspective on #Binance's reserves for major assets, including BTC, #ETH, and #stablecoins like #USDT, #USDC, and #BUSD.
In the past week, #investors have been steadily #withdrawing their assets, resulting in a significant decrease in aggregate #Stablecoin balances by over $1.6 Billion. This represents approximately 20.9% of the total balance held on #Binance. #BTC and #ETH reserves have seen a comparatively smaller decline of 5.7% and 7.1%, respectively.
In the past week, #investors have been steadily #withdrawing their assets, resulting in a significant decrease in aggregate #Stablecoin balances by over $1.6 Billion. This represents approximately 20.9% of the total balance held on #Binance. #BTC and #ETH reserves have seen a comparatively smaller decline of 5.7% and 7.1%, respectively.