In nine and a half hours, $4.65 billion was withdrawn, yet net outflows were only $3.64 billion—the money wasn’t leaving nearly as fast as outsiders feared. At 06:00 UTC on November 1, Binance reopened the withdrawal gates. From then until 15:30, withdrawals and deposits were both flowing. At first glance, it looked like a mass exodus. But deposits kept bringing in $1.01 billion, and after the two flows offset each other, net outflows came to just that figure. $RUNE
The pattern becomes clearer over time: withdrawals surged to a peak in the first few hours after the gates reopened, then steadily declined. Binance said activity had stabilized as expected. Think of it as a receding tide—the most anxious people leave in the first wave. Later, when they see that the channels aren’t blocked and funds can get out, they’re less inclined to rush. The moment of peak anxiety often isn’t when the most money leaves; after the peak, things can calm down surprisingly quickly. $SOL
At 12:36 UTC, withdrawals had been fully restored for all 15 networks and assets in the first phase. That progress itself helped ease the panic. But 15 wasn’t everything. Cardano, Chainlink, Hyperliquid, Litecoin, and NEAR were still being tested and hadn’t been fully reopened. Withdrawals were being restored in stages, not all at once. What’s open and what isn’t forms a progress curve of its own. $ZEC
Changpeng Zhao’s remark that “98% chose to stay” sounds reassuring, but the remaining 2% also represents real money flowing out. A steadier pace doesn’t mean everyone stayed. Put the 98% and 2% together, and you get a fuller picture of the receding tide: most people chose to wait and see, while a small number had already acted.
As an unlisted company, Binance has no share price to instantly reflect the market’s judgment. The only things outsiders can watch are the pace of withdrawals, the amount in custody, and how quickly funds are replenished. The curve fell after nine and a half hours, suggesting most people chose to wait rather than immediately empty their accounts. The gates have reopened.
Personal opinion only; not investment advice. You are responsible for your own gains and losses.
#币安已处理46点5亿美元提款
The pattern becomes clearer over time: withdrawals surged to a peak in the first few hours after the gates reopened, then steadily declined. Binance said activity had stabilized as expected. Think of it as a receding tide—the most anxious people leave in the first wave. Later, when they see that the channels aren’t blocked and funds can get out, they’re less inclined to rush. The moment of peak anxiety often isn’t when the most money leaves; after the peak, things can calm down surprisingly quickly. $SOL
At 12:36 UTC, withdrawals had been fully restored for all 15 networks and assets in the first phase. That progress itself helped ease the panic. But 15 wasn’t everything. Cardano, Chainlink, Hyperliquid, Litecoin, and NEAR were still being tested and hadn’t been fully reopened. Withdrawals were being restored in stages, not all at once. What’s open and what isn’t forms a progress curve of its own. $ZEC
Changpeng Zhao’s remark that “98% chose to stay” sounds reassuring, but the remaining 2% also represents real money flowing out. A steadier pace doesn’t mean everyone stayed. Put the 98% and 2% together, and you get a fuller picture of the receding tide: most people chose to wait and see, while a small number had already acted.
As an unlisted company, Binance has no share price to instantly reflect the market’s judgment. The only things outsiders can watch are the pace of withdrawals, the amount in custody, and how quickly funds are replenished. The curve fell after nine and a half hours, suggesting most people chose to wait rather than immediately empty their accounts. The gates have reopened.
Personal opinion only; not investment advice. You are responsible for your own gains and losses.
#币安已处理46点5亿美元提款
