According to data from Coinglass, Binance, the world's largest cryptocurrency exchange by trading volume, recorded a net outflow of 49.8832 million USDT in the last hour. Net outflow represents the difference between withdrawals and deposits, with positive values indicating capital leaving the exchange. Such a significant one-hour outflow could suggest panic selling or large holders transferring assets to self-custody wallets. Market participants closely track exchange reserve data to assess market sentiment and potential selling pressure.
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