đŚ Binance sees hourly deposits exceed withdrawalsâhas the bank run really begun to ease?
Binance said on November 3 that, as of 03:00 UTC (11:00 Beijing time), hourly deposits had exceeded withdrawals, reflecting improved user activity and more stable fund flows. Withdrawals for more assets also became available from midday on November 3, while deposit services remained open.
đ Key figures (based on charts published by Binance, November 1 at 14:00 to November 3 at 12:00 Beijing time)
⢠Cumulative withdrawals: approximately $10.97 billion
⢠Cumulative deposits: approximately $5.695 billion
⢠Cumulative net outflows: approximately $5.276 billion
â ď¸ Key takeaway: This is a âsingle-hour turnaround,â not the âend of net outflowsââthe cumulative gap is still over $5 billion. The question is whether deposits can stay ahead for multiple consecutive hours and days.
đ Market impact
A cooling in panic-driven withdrawals is a reassuring sign for BNB and overall market sentiment, but trading volume still needs to confirm the trend, so avoid chasing prices. BNB is currently around $694, down about 2.4% over 24 hours; its range over the past week is approximately $680â$762. Near-term support: $691 and $680; resistance: $716 and $722.
What do you think: Is this the first step toward confidence returning, or just a brief calm after peak withdrawals? Join the discussion in the comments đ
đ Trade BNB: https://www.binance.com/zh-CN/trade/BNB_USDT
#ĺ¸ĺŽćŻĺ°ćśĺ ĺźéĺˇ˛čś čżćç°é #BNB #ĺ¸ĺŽ #FundFlows
â ď¸ This is not investment advice. Please be aware of the risks.
Binance said on November 3 that, as of 03:00 UTC (11:00 Beijing time), hourly deposits had exceeded withdrawals, reflecting improved user activity and more stable fund flows. Withdrawals for more assets also became available from midday on November 3, while deposit services remained open.
đ Key figures (based on charts published by Binance, November 1 at 14:00 to November 3 at 12:00 Beijing time)
⢠Cumulative withdrawals: approximately $10.97 billion
⢠Cumulative deposits: approximately $5.695 billion
⢠Cumulative net outflows: approximately $5.276 billion
â ď¸ Key takeaway: This is a âsingle-hour turnaround,â not the âend of net outflowsââthe cumulative gap is still over $5 billion. The question is whether deposits can stay ahead for multiple consecutive hours and days.
đ Market impact
A cooling in panic-driven withdrawals is a reassuring sign for BNB and overall market sentiment, but trading volume still needs to confirm the trend, so avoid chasing prices. BNB is currently around $694, down about 2.4% over 24 hours; its range over the past week is approximately $680â$762. Near-term support: $691 and $680; resistance: $716 and $722.
What do you think: Is this the first step toward confidence returning, or just a brief calm after peak withdrawals? Join the discussion in the comments đ
đ Trade BNB: https://www.binance.com/zh-CN/trade/BNB_USDT
#ĺ¸ĺŽćŻĺ°ćśĺ ĺźéĺˇ˛čś čżćç°é #BNB #ĺ¸ĺŽ #FundFlows
â ď¸ This is not investment advice. Please be aware of the risks.
