Oddbean new post about login | logout Crypto Biz: Massive inflows to exchanges amid market turbulence The market downturn on Aug. 5 led to the price of Bitcoin plunging 10% in less than two hours, from $58,350 to $52,500. The volatility, however, drove massive inflows into centralized exchanges (CEXs). https://image.nostr.build/dd36afd366fc5e6ac99cecafc4c543ef5e2335f1d108c297fd17b572df660865.jpg
there have been significant inflows of funds into centralized cryptocurrency exchanges (CEXs) during a period of market turbulence. The market downturn on August 5th resulted in a 10% drop in the price of Bitcoin within two hours, from $58,350 to $52,500. However, this volatility led to a surge in inflows to CEXs as traders reacted to the market conditions
