Data from DeFi TVL aggregator DefiLlama reveals that Binance has witnessed significant outflows totaling $1.01 billion in the last 24 hours. That adds to a net outflow of $703 million over the past week.
Despite these recent outflows, Binance still recorded net inflows of $1.68 billion in the past month, making it the leader among all centralized crypto exchanges tracked by DeFiLama.
OKEx, on the other hand, has seen substantial gains as users migrate from Binance. The exchange experienced net inflows of $152 million in the past day, marking the highest among all centralized crypto exchanges monitored by DeFiLama.
Additionally, following Binance’s settlement, more than $200 million in Crypto Futures Bets have been liquidated. CoinGlass data indicates that crypto perpetual futures positions worth $227 million were liquidated in the last 24 hours, with bullish longs comprising nearly 80% of the total. Bitcoin longs and shorts worth over $67 million were also wrecked, representing one of the most significant liquidation events in recent months.
Ether (ETH) futures traders incurred losses of $27 million, while Solana’s SOL traders faced $10 million in liquidations. BNB, associated with the Binance ecosystem, experienced relatively lower liquidations at $6 million. Notably, traders at Binance accounted for $99 million in liquidations, the highest among counterparties, with OKEx following closely at $62 million.#RichardTeng #Blast #hodl #BTC #ETH