Bitget has moved into net inflow territory on the third day after reopening withdrawals, according to monitoring shared by EmberCN. The post said the exchange has already passed its peak withdrawal period and is now seeing more capital come in than leave, helped by a set of user-retention programs. Those measures include fixed high-yield stablecoin products and PoolX lock-up mining campaigns tied to ETH and BTC.
EmberCN highlighted Ethereum flows as a clear example. Since ETH withdrawals were opened yesterday afternoon, about 28,900 ETH has flowed into Bitget, compared with roughly 7,266 ETH flowing out. The largest depositing address, beginning with 0x714, withdrew 20,000 ETH from Lido last night and then transferred the funds to Bitget to join an ETH pool offering 11.27% APR. The post valued that transfer at about $54.66 million.
The same data snapshot showed Bitget recorded $9.47 million in net deposits over the whole of yesterday. From 00:00 to 08:00 today, net deposits reached $31.73 million.
Bitget has entered net inflow territory on the third day after withdrawals were reopened, according to monitoring shared by EmberCN.
The post said the exchange has already moved past its peak withdrawal period. It also pointed to several retention measures at Bitget, including fixed high-yield stablecoin products and PoolX lock-up mining campaigns for ETH and BTC.
ETH inflows outpace outflows
Since ETH withdrawals were opened yesterday afternoon, inflows have significantly exceeded outflows on Bitget. About 28,900 ETH has flowed in, versus roughly 7,266 ETH flowing out.
The largest depositing address, starting with 0x714, transferred in the biggest amount. EmberCN said the address withdrew 20,000 ETH from Lido last night and then sent the funds to Bitget to participate in an ETH pool offering 11.27% APR. Based on the figures in the post, that transfer was worth about $54.66 million.
Net deposit figures
The data cited in the post showed Bitget recorded $9.47 million in net deposits for the whole of yesterday. From 00:00 to 08:00 today, net deposits reached $31.73 million.
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