Odaily News According to a report released by crypto exchange Bitfinex, capital outflows from the crypto industry reached $55 billion in August. The analysis is based on the Total Realized Value metric, which measures realized funds for Bitcoin and Ethereum, as well as the combined supply of the top five stablecoins USDT, USDC, BUSD, DAI, and TUSD. Bitfinex said that the outflow of funds not only affected Bitcoin, but also affected the liquidity of Ethereum and stablecoins. The analysis also points to the return of so-called event-based volatility, whereby individual events can have a greater impact on prices and overall market movements. In August, two isolated events had a significant impact on the price of Bitcoin. On August 17, Bitcoin fell 11.4% in a flash crash. On August 29, Grayscale won part of its legal action against the SEC, causing the price of Bitcoin to rise by 7.6% in two hours. Bitfnex said: “We believe that while volatility indicators continue to remain low, isolated events caused by tight market liquidity have a greater impact on market movements.” The report pointed out that due to increased interest from institutional investors and wash trading on some exchanges, Bitfnex The coin’s open interest has outperformed spot. Trading volume in Ethereum futures and options has dropped significantly compared to previous years, at $14.3 billion per day, which is nearly 50% below the two-year average. Movements in derivatives markets, particularly open interest in futures and options, reflect a pattern of low liquidity. (Cointelegraph)