SOL token withdrawals resuming in batches｜Check asset and network pairings first｜Consider going long only after price stabilizes
My stance is cautiously bullish, but I’m still flat for now. The trending topic on Binance Square is “Binance to resume withdrawals for more assets,” which is directly relevant to the flow of funds in the SOL ecosystem. I’m more focused on the asset and network pairings in the announcement than on interpreting the word “resume” to mean that all SOL ecosystem assets are already fully accessible.
I checked Binance’s sixth announcement on resuming services after the security incident, dated November 3: starting at 04:00 UTC, the platform plans to gradually resume withdrawals for a batch of tokens on the Solana network, including USD1, PUMP, FDUSD, RENDER, JUP, BONK, and BNSOL. Each network-and-asset combination must pass security checks before withdrawals are enabled. The announcement explicitly says they will not all go live at once, so users should check the specific withdrawal page and network status. Binance’s fourth announcement, dated November 1, listed SOL, USDT, and USDC on the native Solana network as part of the first phase. These documents cover different batches and assets. Withdrawals of SOL on BSC must not be conflated with withdrawals of SOL on the native Solana chain, and “planned resumption” must not be presented as meaning that every asset is already available for withdrawal in real time.
My assessment of the market dynamics is that the gradual restoration of withdrawal channels can reduce the liquidity discount caused by users being unable to transfer assets, and may also bring trading and market-making funds back on-chain. On the other hand, restored channels also allow holders to move their tokens elsewhere, so the direction is not necessarily bullish. What matters is whether specific tokens can actually be withdrawn, whether arrival times are normal, and whether on-chain activity and spot trading volumes remain elevated afterward. Solana’s official status page currently shows the mainnet and RPC operating normally; Binance’s phased resumption should not be portrayed as a Solana mainnet outage. In Farside’s SOL fund table, the total for November 2 is $0.0 million, while each product on November 3 is still marked with a dash. The automatically aggregated $0.0 should not be treated as confirmed zero flows.
As for price action, SOL/USD was around $93.23 on Kraken, with a daily open of $91.83, an intraday low of $90.71, and a high of $94.71. Compared with approximately $92.66 in my previous post, the price has recovered somewhat, but there is not yet evidence of sustained support above $94.71. Nor can this move be attributed to the withdrawal announcement; macro risk appetite and fund flows can also affect SOL. For now, $94.71 is the breakout confirmation level, while $91.83 and $90.71 are levels to watch on a pullback. If the price falls below $90.71, I would have to abandon my short-term bullish view.
If I were trading this myself, I would stay out for now and only consider a small spot position in the direction of the trend. I’d first wait for the price to hold above $94.71 and successfully retest it, while also confirming that there are no new issues with actual withdrawals of the relevant Solana network assets. Only then would I use 2% of my total capital to test a long position. The first target is $97; I’d take half off there. The second target is $100, where I’d close the rest. If the price falls back below $91.83 after entry, I’d stop out. If it breaks below $90.71 before entry, I’d cancel the entire plan. If Binance issues another notice about security or withdrawal problems, I’d exit even if the price has not hit my stop. Keep the position small and don’t use high leverage to bet on the pace of the resumption.
#币安将恢复更多资产提现 #SOL
The above is solely my personal market observation and does not constitute investment advice.
My stance is cautiously bullish, but I’m still flat for now. The trending topic on Binance Square is “Binance to resume withdrawals for more assets,” which is directly relevant to the flow of funds in the SOL ecosystem. I’m more focused on the asset and network pairings in the announcement than on interpreting the word “resume” to mean that all SOL ecosystem assets are already fully accessible.
I checked Binance’s sixth announcement on resuming services after the security incident, dated November 3: starting at 04:00 UTC, the platform plans to gradually resume withdrawals for a batch of tokens on the Solana network, including USD1, PUMP, FDUSD, RENDER, JUP, BONK, and BNSOL. Each network-and-asset combination must pass security checks before withdrawals are enabled. The announcement explicitly says they will not all go live at once, so users should check the specific withdrawal page and network status. Binance’s fourth announcement, dated November 1, listed SOL, USDT, and USDC on the native Solana network as part of the first phase. These documents cover different batches and assets. Withdrawals of SOL on BSC must not be conflated with withdrawals of SOL on the native Solana chain, and “planned resumption” must not be presented as meaning that every asset is already available for withdrawal in real time.
My assessment of the market dynamics is that the gradual restoration of withdrawal channels can reduce the liquidity discount caused by users being unable to transfer assets, and may also bring trading and market-making funds back on-chain. On the other hand, restored channels also allow holders to move their tokens elsewhere, so the direction is not necessarily bullish. What matters is whether specific tokens can actually be withdrawn, whether arrival times are normal, and whether on-chain activity and spot trading volumes remain elevated afterward. Solana’s official status page currently shows the mainnet and RPC operating normally; Binance’s phased resumption should not be portrayed as a Solana mainnet outage. In Farside’s SOL fund table, the total for November 2 is $0.0 million, while each product on November 3 is still marked with a dash. The automatically aggregated $0.0 should not be treated as confirmed zero flows.
As for price action, SOL/USD was around $93.23 on Kraken, with a daily open of $91.83, an intraday low of $90.71, and a high of $94.71. Compared with approximately $92.66 in my previous post, the price has recovered somewhat, but there is not yet evidence of sustained support above $94.71. Nor can this move be attributed to the withdrawal announcement; macro risk appetite and fund flows can also affect SOL. For now, $94.71 is the breakout confirmation level, while $91.83 and $90.71 are levels to watch on a pullback. If the price falls below $90.71, I would have to abandon my short-term bullish view.
If I were trading this myself, I would stay out for now and only consider a small spot position in the direction of the trend. I’d first wait for the price to hold above $94.71 and successfully retest it, while also confirming that there are no new issues with actual withdrawals of the relevant Solana network assets. Only then would I use 2% of my total capital to test a long position. The first target is $97; I’d take half off there. The second target is $100, where I’d close the rest. If the price falls back below $91.83 after entry, I’d stop out. If it breaks below $90.71 before entry, I’d cancel the entire plan. If Binance issues another notice about security or withdrawal problems, I’d exit even if the price has not hit my stop. Keep the position small and don’t use high leverage to bet on the pace of the resumption.
#币安将恢复更多资产提现 #SOL
The above is solely my personal market observation and does not constitute investment advice.
