Data from nansen_ai shows that huobiglobal is experiencing a sharp increase in outflows. thesamreynolds reports.
from FTX occurred before that exchange collapsed last November.
Ju noted that Huobi’s bitcoin reserves are down 90% in the past year while Binance’s have more than doubled. Huobi’s active user addresses have dropped significantly too, according to CryptoQuant. , of all the exchanges, Huobi has what it calls the"dirtiest" reserves, being the most reliant on its exchange token. OKX and Deribit have the cleanest, it said.
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