PANews reported on January 27 that CryptoOnchain published an analysis on its X platform stating that Binance experienced a large outflow of funds over the past seven days, with stablecoins and mainstream assets being transferred out of the platform on a large scale. Specifically: USDT (ERC20) saw a net outflow of approximately $2.26 billion; USDC saw a net outflow of approximately $1.24 billion; BTC saw a net outflow of approximately $2.14 billion; and ETH saw a net outflow of approximately $1.35 billion.

This indicates that funds are withdrawing from both "cash" and "assets" simultaneously. While selling pressure may decrease, buying power within trading platforms is also weakening. Liquidity contraction often foreshadows potentially increased volatility, and price discovery may rely more on external fund flows than on Binance's platform.