Crypto market outflows reached $55B in August as liquidity dwindled — Bitfinex By Cointelegraph

Capital outflows in the crypto industry reached $55 billion in August, according to a report released by crypto exchange Bitfinex.

The analysis is based on the aggregate realized value metric, which measures the realized capital of (BTC) and Ether (ETH) with the combined supply from the top five stablecoins: (USDT), (USDC), Binance USD (BUSD), Dai (DAI) and TrueUSD (). “A deep dive into the data reveals a prevailing trend: by early August, the industry had begun to experience capital outflows,” notes the report.