Withdrawals had barely opened before people started yelling “bank run,” citing over $1 billion in net outflows in 24 hours.
Come on, the platform is worth hundreds of billions of dollars. These withdrawals aren’t even a drop in the bucket. Since withdrawals opened at 14:00, Bitcoin has been trading sideways around $78,000. Funding rates haven’t gone haywire, and the market hasn’t crashed.
A chart during a real bank run wouldn’t look like this. Don’t pin the more than $6 billion that was stolen on users withdrawing their funds.
$BTC #币安 #CryptoMarket
Not investment advice
Come on, the platform is worth hundreds of billions of dollars. These withdrawals aren’t even a drop in the bucket. Since withdrawals opened at 14:00, Bitcoin has been trading sideways around $78,000. Funding rates haven’t gone haywire, and the market hasn’t crashed.
A chart during a real bank run wouldn’t look like this. Don’t pin the more than $6 billion that was stolen on users withdrawing their funds.
$BTC #币安 #CryptoMarket
Not investment advice
