Binance Floods with $8.9 Billion as Bybit Sees Massive Outflow

Binance continues to dominate cryptocurrency exchange flows with an impressive $8.85 billion weekly net inflow, according to data from ChainCatcher.

This figure far surpasses its peers, including OKX and Deribit, which saw net inflows of $7.67 million and $4.03 million respectively.

In contrast, Bybit recorded the largest outflow at $119 million, followed by Bitget with $88.74 million and Bitfinex with $31.47 million in net outflows.

The disparity highlights how market participants are consolidating activity on larger platforms, potentially due to perceived stability, liquidity depth, or product offerings.