#BinanceHourlyDepositsExceedWithdrawals
The first sign of a turnaround may have just appeared. For the first time since the incident, hourly deposits on Binance exceeded withdrawals at 03:00 UTC.
The numbers show the scale of the initial damage. Between November 1 and 3, the platform processed nearly 11 billion dollars in outflows, compared with 5.6 billion dollars in inflows. An outflow of more than 5 billion dollars.
But the latest data changes the tone. Pressure from withdrawals appears to be easing, and confidence is beginning to show signs of stabilizing.
The market breathes easier when the liquidity of a giant like Binance settles down. Now, traders need to be surgical. Keep an eye on whether net inflows hold, and watch the exchange's reserves and the price of Bitcoin.
One hour of calm won't win the battle, but it's an excellent start.
#Binance #CryptoNews #CryptoMarket #Bitcoin
$AGT $BTC $BMT
The first sign of a turnaround may have just appeared. For the first time since the incident, hourly deposits on Binance exceeded withdrawals at 03:00 UTC.
The numbers show the scale of the initial damage. Between November 1 and 3, the platform processed nearly 11 billion dollars in outflows, compared with 5.6 billion dollars in inflows. An outflow of more than 5 billion dollars.
But the latest data changes the tone. Pressure from withdrawals appears to be easing, and confidence is beginning to show signs of stabilizing.
The market breathes easier when the liquidity of a giant like Binance settles down. Now, traders need to be surgical. Keep an eye on whether net inflows hold, and watch the exchange's reserves and the price of Bitcoin.
One hour of calm won't win the battle, but it's an excellent start.
#Binance #CryptoNews #CryptoMarket #Bitcoin
$AGT $BTC $BMT
