That drop in Binance’s BTC reserves looks dramatic at first but the context matters
Withdrawals had just reopened, so some movement was always coming. Around 16K BTC left the exchange in the first 12 hours roughly 2.4% of its total BTC reserves
It’s a noticeable outflow but it doesn’t look like people are rushing for the exit. Withdrawals are being processed normally, Binance says users won’t take the loss and the updated Proof of Reserves is already live
Honestly, things look a lot calmer than that sharp move on the chart suggests
Withdrawals had just reopened, so some movement was always coming. Around 16K BTC left the exchange in the first 12 hours roughly 2.4% of its total BTC reserves
It’s a noticeable outflow but it doesn’t look like people are rushing for the exit. Withdrawals are being processed normally, Binance says users won’t take the loss and the updated Proof of Reserves is already live
Honestly, things look a lot calmer than that sharp move on the chart suggests
