ChainCatcher reported, citing data from Coinglass, that Binance recorded a net outflow of 516 million USDT over the past 24 hours. Under this data description, net outflow refers to the amount by which observed USDT outflows exceeded inflows during the stated period.
Binance is a crypto asset trading platform, while USDT is a widely used stablecoin-denominated asset in the crypto market. Coinglass provides exchange fund-flow data that presents changes in asset movement across platforms over selected timeframes. The key figure in this update is that Binance posted a 24-hour USDT net outflow of 516 million.
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