Here's the good news in a post-FTX collapse world...
The report was based on several market indicators that the blockchain analytics firm has been keeping track of in order to determine the behavior of investors during this time of turmoil.
As far as centralized exchanges are concerned, withdrawals made by users are way more than deposits, leading to a drop in net inflow of funds. While new money may not be getting deposited, existing funds on CEXs are being moved around to other CEXs.Interestingly, users are resorting to DeFi protocols to park their funds while they wait for the markets to get stable, embracing the idea of self-custody.
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