But there are still outflows and inflows that we really don't know what's going on behind the scene, and everyone is upbeat because of what had happened to FTX. And I guess this is going to continue, until everything settles down.
just like traditional banks. people dont deposit all their funds. do a action and withdraw all their funds same day
banks know people get paid a large lump at start of month slowly deplete it over the 30days until their next month
coin custodians/exchanges know people deposit. they trade for a few weeks/months then withdraw
banks/custodians know that people only move about 1-5% of the reserves at any given time/day so the outflows and inflows are a small accounting error on any given day of a small %
.. many other exchanges sweep those inflows to cold store often. where as binance waits weeks/months before sweeping. but suddenly this month binance sweeped all deposits in one swoop in a day to cold store that left the network congested with pending tx to confirm