The amount of Binance USD (BUSD) leaving exchanges fell to $40 million from over $3 billion recorded in December 2022, according to Glassnode data analyzed by из cryptoslat.
The chart below represents the daily BUSD withdrawn from and deposited into crypto exchanges since mid-November 2022.
On Feb. 13, around $40 million BUSD tokens were withdrawn from the exchanges. On Dec. 13, 2022, this number was over $3 billion. This change marks a -98.6% decrease in the amount of withdrawn BUSD in 62 days.
The crypto market witnessed a massive BUSD outflow from exchanges at the end of 2022. According to из cryptoslat analyses, the amount of withdrawn BUSD reached $6 billion ортосунда Nov. 19 and Dec. 19, 2022. Another analysis revealed that $6.2 billion worth of BUSD left the exchanges ортосунда 3-жылдын 2022-декабрында жана 3-жылдын 2023-январында.
Source: https://cryptoslate.com/busd-leaving-exchanges-fall-to-40m-from-decembers-3b/