The quantity of Binance USD (BUSD) leaving exchanges fell to $40 million from over $3 billion recorded in December 2022, in response to Glassnode information analyzed by CryptoSlate.
The chart under represents the every day BUSD withdrawn from and deposited into crypto exchanges since mid-November 2022.
On Feb. 13, round $40 million BUSD tokens had been withdrawn from the exchanges. On Dec. 13, 2022, this quantity was over $3 billion. This transformation marks a -98.6% lower within the quantity of withdrawn BUSD in 62 days.
The crypto market witnessed a large BUSD outflow from exchanges on the finish of 2022. In response to CryptoSlate analyses, the quantity of withdrawn BUSD reached $6 billion between Nov. 19 and Dec. 19, 2022. One other evaluation revealed that $6.2 billion price of BUSD left the exchanges between Dec. 3, 2022 and Jan. 3, 2023.
