Bitfinex reports: Crypto market outflows hit $55 billion in August

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According to ChainCatcher news, according to a report released by the cryptocurrency exchange Bitfinex, the outflow of funds from the crypto market reached $55 billion in August. The analysis is based on the Total Realized Value metric, which measures the realized capital of Bitcoin and Ethereum, as well as the total supply of the top five stablecoins Tether, USDC, BUSD, DAI, and TrueUSD (TUSD). Bitfinex said that based on this metric, the cryptocurrency market has lost approximately $55 billion over the past month. Capital outflows not only affect Bitcoin, but also the liquidity of Ethereum and stablecoins. According to its data, August saw BTC’s largest monthly closing decline of 11.29% since the bear market bottom formed in November 2022.

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