{"id":561942,"date":"2023-11-22T16:00:15","date_gmt":"2023-11-22T16:00:15","guid":{"rendered":"https:\/\/wncen.com\/?p=561942"},"modified":"2024-06-11T07:30:29","modified_gmt":"2024-06-11T07:30:29","slug":"panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/","title":{"rendered":"Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends"},"content":{"rendered":"

A new era for the crypto industry approaches as the world\u2019s largest exchange, Binance, changes leadership. Yesterday, the company\u2019s founder and CEO, Changpeng \u201cCZ\u201d Zhao, stepped down as part of an agreement with the US government. <\/strong><\/p>\n

Related Reading: Spot Bitcoin ETF Odds \u2018Might Have Increased To 100%\u2019: Matrixport<\/a><\/div>\n

The deal might have sparked a new era of adoption and legitimacy for the nascent industry at the cost of CZ\u2019s position and a $4 billion fine. Fresh data looked into Binance\u2019s transactions to check if users believe in the company\u2019s future following the historic decision.<\/p>\n

\"Binance
BNB’s price trends to the downside on the daily chart. Source: BNBUSDT on Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

Binance Safe From FTX Like Bank Run?<\/h2>\n

According to crypto analysis firm Nansen data, Binance recorded<\/a> almost $1 billion in negative netflow following yesterday\u2019s news. The data indicates that the platform\u2019s USDT value decreased by $246 million, followed by Bitcoin\u2019s value, which declined by $76 million.<\/p>\n

Users who feel uncertain about the platform\u2019s future withdraw their money, potentially triggering a bank run. However, Nansen\u2019s data shows that this scenario is far from materializing in this trading venue.<\/p>\n

While the negative netflows stand at $955 million, there is no \u201cmass exodus\u201d or panic from users trading on Binance. Nansen claims the platform\u2019s holding value increased from $64.6 billion to $65.2 billion.<\/p>\n

\"Binance
Binance’s number of assets 24 hours after deal with the US government. Source: Nansen on X<\/figcaption><\/figure>\n

The analytics firm previously stated that Binance handled bigger net flows. First, when the US Securities and Exchange Commission (SEC) filed a lawsuit against the company, and later, when FTX went bankrupt following a massive bank run.<\/p>\n

As mentioned, Binance seems unlikely to follow a similar fate. Nansen stated:<\/p>\n

In the past, Binance has processed higher volumes of outflow and negative netflow: Jun 2023 after the SEC sued Binance, December 2022 after insolvency rumors, and the immediate aftermath of FTX. We will provide another update 24 hours after the news originally broke.<\/p><\/blockquote>\n

CZ\u2019s Departure Forecast Good Times For Crypto<\/h2>\n

Across the crypto community, the debate around CZ\u2019s departure has been fierce. However, the consensus is optimistic.<\/p>\n

A report<\/a> from The Block cites major banking institution JPMorgan claiming that the Binance deal removes a \u201csystemic risk\u201d for the industry. In 2022, when FTX collapsed, the price of Bitcoin crashed to a low of $15,000 and took months to recover.<\/p>\n

With 150 million users on its platform and millions of capital injected into multiple ecosystems. Binance\u2019s collapse would have been equally, if not more, catastrophic than FTX for the nascent industry.<\/p>\n

Related Reading: Binance Drama Causes Crypto Prices To Dance On The Edge \u2013 Details<\/a><\/div>\n

JPMorgan analyst Nikolaos Panigirtziglou told The Block:<\/p>\n

We see the prospect of settlement as positive as uncertainty around Binance itself would subside and its trading and Smart Chain business would benefit. For crypto investors the prospect of settlement would see the elimination of a potential systemic risk emanating from a hypothetical Binance collapse.<\/p><\/blockquote>\n

Cover image from Unsplash, chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

A new era for the crypto industry approaches as the world\u2019s largest exchange, Binance, changes leadership. Yesterday, the company\u2019s founder and CEO, Changpeng \u201cCZ\u201d Zhao, stepped down as part of an agreement with the US government. Related Reading: Spot Bitcoin ETF Odds \u2018Might Have Increased To 100%\u2019: Matrixport The deal might have sparked a new era of adoption and legitimacy for the nascent industry at the cost of CZ\u2019s position and a $4 billion fine. Fresh data looked into Binance\u2019s transactions to check if users believe in the company\u2019s future following the historic decision. Binance Safe From FTX Like Bank Run? According to crypto analysis firm Nansen data, Binance recorded almost $1 billion in negative netflow following yesterday\u2019s news. The data indicates that the platform\u2019s USDT value decreased by $246 million, followed by Bitcoin\u2019s value, which declined by $76 million. Users who feel uncertain about the platform\u2019s future withdraw their money, potentially triggering a bank run. However, Nansen\u2019s data shows that this scenario is far from materializing in this trading venue. While the negative netflows stand at $955 million, there is no \u201cmass exodus\u201d or panic from users trading on Binance. Nansen claims the platform\u2019s holding value increased from $64.6 billion to $65.2 billion. The analytics firm previously stated that Binance handled bigger net flows. First, when the US Securities and Exchange Commission (SEC) filed a lawsuit against the company, and later, when FTX went bankrupt following a massive bank run. As mentioned, Binance seems unlikely to follow a similar fate. Nansen stated: In the past, Binance has processed higher volumes of outflow and negative netflow: Jun 2023 after the SEC sued Binance, December 2022 after insolvency rumors, and the immediate aftermath of FTX. We will provide another update 24 hours after the news originally broke. CZ\u2019s Departure Forecast Good Times For Crypto Across the crypto community, the debate around CZ\u2019s departure has been fierce. However, the consensus is optimistic. A report from The Block cites major banking institution JPMorgan claiming that the Binance deal removes a \u201csystemic risk\u201d for the industry. In 2022, when FTX collapsed, the price of Bitcoin crashed to a low of $15,000 and took months to recover. With 150 million users on its platform and millions of capital injected into multiple ecosystems. Binance\u2019s collapse would have been equally, if not more, catastrophic than FTX for the nascent industry. Related Reading: Binance Drama Causes Crypto Prices To Dance On The Edge \u2013 Details JPMorgan analyst Nikolaos Panigirtziglou told The Block: We see the prospect of settlement as positive as uncertainty around Binance itself would subside and its trading and Smart Chain business would benefit. For crypto investors the prospect of settlement would see the elimination of a potential systemic risk emanating from a hypothetical Binance collapse. Cover image from Unsplash, chart from Tradingview<\/p>\n","protected":false},"author":535,"featured_media":561943,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83379],"tags":[134,10768,11427,79611,12307,15845,3799],"class_list":["post-561942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-binance-coin","tag-altcoin","tag-binance","tag-bnb","tag-bnbusdt","tag-crypto-exchange","tag-cz","tag-sec"],"acf":[],"yoast_head":"\nPanic At Binance Following CZ's Departure? Analyzing 24-Hour Inflow and Outflow Trends<\/title>\n<meta name=\"description\" content=\"According to crypto analysis firm Nansen data, Binance recorded almost $1 billion in negative netflow following yesterday\u2019s news.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panic At Binance Following CZ's Departure? Analyzing 24-Hour Inflow and Outflow Trends\" \/>\n<meta property=\"og:description\" content=\"According to crypto analysis firm Nansen data, Binance recorded almost $1 billion in negative netflow following yesterday\u2019s news.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-22T16:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:30:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends\",\"datePublished\":\"2023-11-22T16:00:15+00:00\",\"dateModified\":\"2024-06-11T07:30:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/\"},\"wordCount\":524,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427\",\"keywords\":[\"altcoin\",\"Binance\",\"BNB\",\"bnbusdt\",\"crypto exchange\",\"CZ\",\"sec\"],\"articleSection\":[\"Binance Coin\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/\",\"url\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/\",\"name\":\"Panic At Binance Following CZ's Departure? Analyzing 24-Hour Inflow and Outflow Trends\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427\",\"datePublished\":\"2023-11-22T16:00:15+00:00\",\"dateModified\":\"2024-06-11T07:30:29+00:00\",\"description\":\"According to crypto analysis firm Nansen data, Binance recorded almost $1 billion in negative netflow following yesterday\u2019s news.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427\",\"width\":640,\"height\":427,\"caption\":\"Image by:\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Panic At Binance Following CZ's Departure? Analyzing 24-Hour Inflow and Outflow Trends","description":"According to crypto analysis firm Nansen data, Binance recorded almost $1 billion in negative netflow following yesterday\u2019s news.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/","og_locale":"en_US","og_type":"article","og_title":"Panic At Binance Following CZ's Departure? Analyzing 24-Hour Inflow and Outflow Trends","og_description":"According to crypto analysis firm Nansen data, Binance recorded almost $1 billion in negative netflow following yesterday\u2019s news.","og_url":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-11-22T16:00:15+00:00","article_modified_time":"2024-06-11T07:30:29+00:00","og_image":[{"width":640,"height":427,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends","datePublished":"2023-11-22T16:00:15+00:00","dateModified":"2024-06-11T07:30:29+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/"},"wordCount":524,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427","keywords":["altcoin","Binance","BNB","bnbusdt","crypto exchange","CZ","sec"],"articleSection":["Binance Coin"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/","url":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/","name":"Panic At Binance Following CZ's Departure? Analyzing 24-Hour Inflow and Outflow Trends","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427","datePublished":"2023-11-22T16:00:15+00:00","dateModified":"2024-06-11T07:30:29+00:00","description":"According to crypto analysis firm Nansen data, Binance recorded almost $1 billion in negative netflow following yesterday\u2019s news.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427","width":640,"height":427,"caption":"Image by:"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends","url":"http:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/binance-coin\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427"},"articleSection":"Binance Coin","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","binance","bnb","bnbusdt","crypto exchange","cz","sec"],"dateCreated":"2023-11-22T16:00:15Z","datePublished":"2023-11-22T16:00:15Z","dateModified":"2024-06-11T07:30:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Panic At Binance Following CZ’s Departure? Analyzing 24-Hour Inflow and Outflow Trends\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/binance-coin\\\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/binance-coin\\\/panic-at-binance-following-czs-departure-analyzing-24-hour-inflow-and-outflow-trends\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427\"},\"articleSection\":\"Binance Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"binance\",\"bnb\",\"bnbusdt\",\"crypto exchange\",\"cz\",\"sec\"],\"dateCreated\":\"2023-11-22T16:00:15Z\",\"datePublished\":\"2023-11-22T16:00:15Z\",\"dateModified\":\"2024-06-11T07:30:29Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/11\/Binance-BNB-BNBUSDT-CZ-Changpeng-Zhao.jpg?fit=640%2C427","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561942"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=561942"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/561942\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/561943"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=561942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=561942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=561942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}