Nansen Data: Binance's reserve assets depreciated by $10 billion in a single month, a decrease of over 20%

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Nansen Data: Binance

A tweet from Nansen indicates that data shows the total value of reserve assets in addresses publicly disclosed by Binance exchange, including Bitcoin, Ethereum, Tron, BNB Chain, and other blockchains, was valued at $69.5 billion over a month ago. However, due to significant withdrawals and price fluctuations, the current value is approximately $54.7 billion.

Asset Outflow Surge from Binance After December

According to data from CryptoQuant, the chart shows that after the bankruptcy of FTX, there was a significant increase in BTC inflow to Binance. However, entering December, the reserve assets peaked and then sharply declined.

Binance BTC Reserve | 1y

However, recent observations of net outflowsdata indicate that Binance seems to have temporarily weathered the peak withdrawal period, with the net outflow of BTC in the past three days significantly lower than the data on 12/14.

Binance BTC Net Outflow | 1m