Bitcoin buyers appear detached on potential Binance asset freeze

by Jeremy

Fast Take

  • As a result of information yesterday of the SEC requesting a restraining order to freeze Binance.US belongings briefly.
  • Wanting on-chain, clients don’t appear overly involved, as we might anticipate an outpour of belongings akin to Bitcoin from Binance.US and even Binance.com, nevertheless it seems it was not the case.
  • Solely round $100 million of Bitcoin was withdrawn yesterday from Binance, based on Glassnode.
  • Binance proof of reserves claims 633,642 BTC in web balances, roughly $17 billion.
Netflow: (Source: Glassnode)
Netflow: (Supply: Glassnode)

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