According to CryptoOnchain, Binance recorded nearly $70 billion in net outflows of stablecoins and major cryptocurrencies last week, raising alarm over liquidity deterioration and heightened market volatility.
Binance experienced approximately $69.9 billion in net outflows over the past seven days, according to blockchain data provider CryptoOnchain. Withdrawals included $22.6 billion in Tether (USDT), $12.4 billion in USD Coin (USDC), $21.4 billion in Bitcoin (BTC), and $13.5 billion in Ethereum (ETH). This sharp reduction in both major cryptocurrencies and stablecoins signals a significant decline in buying power and exchange liquidity, conditions that may increase price volatility and shift price discovery toward external markets.