After the wave of withdrawals, money is starting to flow back
This may be the signal most worth taking a closer look at today
A few days ago, Binance’s net outflows surged past $4.7 billion
Today, reports say that fund flows from Binance customers have turned positive
With net inflows of around $2.3 billion
DefiLlama data also shows that 24-hour fund flows briefly turned positive, reaching around $1.6 billion
Although the 7-day figure is still a net outflow of around $11.9 billion
The direction has changed, and that makes a big difference
The scariest part of a withdrawal wave isn’t the numbers themselves
It’s the question on everyone’s mind: Can we still get our money back?
Now some people are putting their money back in, effectively casting a vote with their own cash
They’re voting that the platform can keep operating, and that its assurances aren’t empty words
Meanwhile, ETFs are still seeing outflows, but the selling pressure is easing
Net outflows were around $399 million on November 2, but only around $27 million on November 3
The Fear Index has also climbed back from 26 to 34
BTC is back above $78,000
Of course, this is still a long way from a reversal
The 7-day net outflow of $11.9 billion is still there, showing that most investors are still waiting on the sidelines
This money flowing back in looks more like a small scouting party sent ahead to test the waters
The more people go ahead to test the waters, the more likely the main force is to follow
My own take is this:
When confidence in an exchange’s security collapses, it can happen in just one day
But rebuilding it takes time, gradually adding up one net inflow at a time
Today’s inflow is a start
What do you make of this signal?
Do you think the worst is over, or should we wait until the 7-day net outflow also turns positive?
$BTC $BNB #市场观察 #币安 #Fund Flows
This is not investment advice. DYOR. Trading involves risk.
This may be the signal most worth taking a closer look at today
A few days ago, Binance’s net outflows surged past $4.7 billion
Today, reports say that fund flows from Binance customers have turned positive
With net inflows of around $2.3 billion
DefiLlama data also shows that 24-hour fund flows briefly turned positive, reaching around $1.6 billion
Although the 7-day figure is still a net outflow of around $11.9 billion
The direction has changed, and that makes a big difference
The scariest part of a withdrawal wave isn’t the numbers themselves
It’s the question on everyone’s mind: Can we still get our money back?
Now some people are putting their money back in, effectively casting a vote with their own cash
They’re voting that the platform can keep operating, and that its assurances aren’t empty words
Meanwhile, ETFs are still seeing outflows, but the selling pressure is easing
Net outflows were around $399 million on November 2, but only around $27 million on November 3
The Fear Index has also climbed back from 26 to 34
BTC is back above $78,000
Of course, this is still a long way from a reversal
The 7-day net outflow of $11.9 billion is still there, showing that most investors are still waiting on the sidelines
This money flowing back in looks more like a small scouting party sent ahead to test the waters
The more people go ahead to test the waters, the more likely the main force is to follow
My own take is this:
When confidence in an exchange’s security collapses, it can happen in just one day
But rebuilding it takes time, gradually adding up one net inflow at a time
Today’s inflow is a start
What do you make of this signal?
Do you think the worst is over, or should we wait until the 7-day net outflow also turns positive?
$BTC $BNB #市场观察 #币安 #Fund Flows
This is not investment advice. DYOR. Trading involves risk.