Binance’s Bitcoin, Ethereum, Stablecoins Netflow Reveals Stability Despite US CFTC Suit

On-chain data firm CryptoQuant has analyzed Binance's health after the US CFTC lawsuit accused the exchange and its CEO CZ of violating crypto trading and derivatives rules. The analysis found that Binance's Bitcoin and Ethereum reserves remained healthy and even increased from December levels. Binance's net outflows of Bitcoin, Ethereum, and stablecoins have also remained within historical ranges, with recent Bitcoin outflows relatively low compared to earlier events. Bitcoin and Ethereum prices are trading above $28,000 and $1,800 respectively amid positive sentiment in the market.

(By Varinder Singh)

Bitcoin $62,453.78

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