Bitcoin (BTC) has experienced a net outflow of $400 million month-to-date on Binance, reflecting ongoing holder conviction. In contrast, Wrapped Ethereum (WETH) has seen a significant inflow of $887 million. This influx is likely linked to de-risking activities following the KelpDAO incident in April, which affected the LRT/restaking complex.
Binance Sees $400M BTC Outflow, $887M WETH Inflow Amid Market Shifts
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