Bitget has shifted into net inflows on the third day after reopening withdrawals, according to on-chain monitoring account Ember, cited by ChainCatcher. The account said the peak withdrawal wave has already passed.
Ember attributed the change in fund flows to a combination of fixed-yield stablecoin products and PoolX lock-up mining campaigns tied to ETH and BTC. Since withdrawals resumed yesterday afternoon, about 28,900 ETH has flowed into the platform, while roughly 7,266 ETH has moved out.
The largest deposit address withdrew 20,000 ETH from Lido last night and transferred the funds to Bitget. The deposit was valued at about $54.66 million and was used to join an ETH pool product offering an annualized yield of 11.27%.
The data also showed that Bitget recorded about $9.47 million in net inflows over the whole of yesterday. From 0:00 to 8:00 today, net inflows reached about $31.73 million.
Bitget has moved into net inflows on the third day after reopening withdrawals, according to on-chain monitoring account Ember, as cited by ChainCatcher. Ember said the peak period for withdrawals has already passed.
The account said the shift came alongside fixed-yield stablecoin products and PoolX lock-up mining campaigns for ETH and BTC.
ETH flow data since withdrawals resumed
Since withdrawals reopened yesterday afternoon, about 28,900 ETH has flowed into Bitget, while roughly 7,266 ETH has flowed out.
The largest depositing address withdrew 20,000 ETH from Lido last night and sent it to Bitget. The transfer was valued at about $54.66 million and was used to participate in an ETH pool product offering a 11.27% annualized yield.
Net inflow figures
Data showed Bitget posted about $9.47 million in net inflows for the whole of yesterday. From 0:00 to 8:00 today, net inflows were about $31.73 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
