Binance Netflows Hit Year-to-Date High

8/6/2024 2:23:39 PM

According to Ki Young Ju, Binance netflows, including Bitcoin, have reached a year-to-date high. Most of these inflows are from crypto-native institutions like Jump Trading, rather than retail investors. The institutions might be de-risking or adding collateral for long positions, with a higher likelihood of the former. (Source)

Bitcoin Binance Jump Trading

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