🚨 $3.64B left Binance within hours. Is this a bank run?
After withdrawals reopened on November 1, Binance reported:
🔴 Withdrawals: $4.65B 🟢 Deposits: $1.01B 📉 Net outflow: $3.64B
That equals roughly 2.1% of its reported $171B in assets.
The initial withdrawal rush peaked at $733M within 30 minutes, but activity later slowed. Deposits also continued, and withdrawals reportedly resumed across all 15 Phase 1 networks.
The outflow is serious but it doesn’t confirm a liquidity crisis yet.
The real test is whether withdrawals continue smoothly and what Binance’s next Proof of Reserves report shows.
Binance resumed withdrawals today, and around $2.5B reportedly left the exchange within hours.
$BTC and $ETH trading volume remains weak, while selling pressure is increasing. RSI is still above 60, but without strong volume, the market can drop quickly.
With Binance withdrawals rising and the U.S. election approaching, most traders are staying on the sidelines.
UNI is holding around $7.00 after bouncing from the $6.25 wick low, with the rising trendline from August acting as key support. As long as the $6.30 trendline holds, a move toward $7.50–$8.50 could be on the table.
⚠️ But if support breaks, we could see a deeper pullback toward $5.60–$5.20. Watching the $6.30 level closely.
The goal is simple: accumulate as much $BTC as you can during this transition phase. Add a few promising altcoins to the mix, stay locked in 🔒 and keep building your position. The bigger picture? Be prepared for the potential 2027–2029 bull market.
Patience today. Bigger opportunities tomorrow. Enjoy your weekend! 🤝
Binance reportedly confirms that 90% of the $6.3B in hack-related losses have been replenished, restoring 100% backing for its 10 most critical assets. 🔹 BTC, ETH, USDT, BNB, SOL, USDC, XRP, USD1, RLUSD and ZEC are reportedly fully backed. 🔹 The remaining 10% involves lower-liquidity tokens being acquired through market and OTC channels. 🔹 Funds were sourced from SAFU, the Futures insurance fund and corporate treasury reserves. 🔹 A new Proof of Reserves snapshot was captured on October 31, with zero-knowledge verification expected by November 3. 🔹 Withdrawals are scheduled to resume on November 1, while SAFU is expected to recover to approximately $1B.
Now all eyes are on the withdrawal resumption and upcoming Proof of Reserves verification. 👀
DTCC has launched its Tokenization Service, pushing U.S. securities closer to the blockchain. But major companies are already questioning who should be allowed to tokenize their shares.
If a third party creates a tokenized version, the company receives no money, may lose visibility over holders and has little control over where it trades.
Finally breaking out of that downtrend.Now looking for buyers to hold this breakout and push toward $113. Setup looks promising, but the market is still shaky.
Price is testing the rising trendline near $78 after sliding from the $97 highs. 🚀 If support holds: $82–$86 could be next. 📉 If support breaks: Watch for a drop toward $74–$72.
The next move depends on this trendline. Bulls need to defend it! 🎯