- Binance recorded more than $7 billion in net outflows across stablecoins and major crypto over the past seven days.
- ERC-20 USDT outflows were about $2.3 billion and USDC about $1.2 billion during the period.
- Bitcoin (BTC) saw roughly $2.1 billion withdrawn and Ethereum (ETH) about $1.4 billion.
- On-chain analysts warned that shrinking on-exchange liquidity could increase short-term price volatility.
- Ethereum‘s Coinbase premium dropped to -0.08, its lowest since early 2023, indicating reduced U.S. buying activity.
Over the last seven days, on-chain data showed heavy withdrawals from Binance, with net outflows of more than $7 billion in stablecoins and major cryptocurrencies, reducing on-exchange liquidity and prompting concerns about near-term volatility, according to a post on X by CryptoOnchain that shared CryptoQuant data.
The data recorded ERC-20 USDT outflows near $2.26 billion (about $2.3 billion) and USDC withdrawals around $1.24 billion (about $1.2 billion). Net withdrawals of Bitcoin totaled roughly $2.14 billion (about $2.1 billion), while Ethereum saw about $1.35 billion (about $1.4 billion) leave the exchange in the same period.
Market activity for BNB showed the token trading at $878.82, down 0.92% on Monday, while retail sentiment on Stocktwits moved into bearish territory and chatter levels fell. The concurrent exit of stablecoins and major crypto assets suggests capital is leaving the platform rather than rotating between on-exchange assets, the analysis indicated.
Analysts warn that lower balances on exchanges can ease immediate sell pressure but also limit available buying power, which tends to raise short-term price volatility since fewer assets are available to absorb large trades. A follow-up post on X showed Ethereum‘s Coinbase premium fell to -0.08, its lowest since early 2023, a sign that U.S. buyers have stepped back even as trading outside the U.S. remains more active.
Binance has not publicly commented on the reported outflows.
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