Binance Bank Run Happening - be warned! (Patreon)

Data points to crypto drainage happening at an accelerated pace. 

TLDR

• Data analytics platforms report billions in outflows from Binance, but Changpeng Zhao argues it can be misinterpreted.
• Nansen reveals a net outflow of $2.36 billion from Binance in the last seven days, along with $123.7 million from Binance.US.
• DefiLlama reports a larger figure of $3.35 billion in outflows, while Glassnode data shows a 5.7% decline in Binance's balance over the past week.
• CZ clarifies that exchange outflow data can be skewed and highlights a recent outflow of $392 million compared to $7 billion during FTX's collapse.
• Large inflows and outflows are considered normal during times of volatility, according to CZ's explanation. 

This type of rapid drainage can expose problems.  Keep nothing on any CEX ie centralized exchange.  We will always have Dexes. 

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