Huobi seeing increased outflows to competitors according to new reliance metrics

“In the wake of FTX’s fall, the crypto world demands more reliable indicators to assess exchange health. Glassnode introduces three interesting metrics to gauge risk, one of which reveals an intriguing trend. While Binance and Coinbase show minor fund movements, Huobi tells a different tale. Their data reveals a concerning increase in transfers to other exchanges. But why is this happening? Is this merely a passing anomaly, or is it a sign of a more significant shift? The answer may hold the key to the future of crypto exchanges and your investments…”

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