Centralized exchange outflows increased last week, but not quite to the extent that some analytics platforms are reporting, suggests Binance CEO Changpeng Zhao.
CEX asset flows. Source: DeFiLlama
However, in a June 10 Twitter post, CZ argued that some exchange outflow data can be skewed as some third-party analytics measure change in assets under management as “outflow,” which would include times when crypto prices decline.Our wallet addresses are public. Some 3rd party analytics measure Change in AUM in USD equivalent as outflow. This would include crypto price drops as "outflow".
CZ continued to explain that large inflows and outflows are perfectly normal during times of volatility. “Some even only measure outflow, not inflows. On a sharp price movement day like today, many arbitrage traders move a lot of funds between exchanges, usually exponentially more than on normal days.”
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