🔶 Binance Outflows: Why the Numbers Don't Match 📊
🏦 Binance says users withdrew $4.649B and deposited $1.01B from 11 a.m. to 8:30 p.m. PKT on Nov 1. Net outflow: $3.64B, or 2.1% of $171B total assets.
📉 DefiLlama tracks $127.65B in Binance wallets, down $17.3B from $144.9B on Oct 29. Its 24-hour net outflow reading is $5.14B (checked 3:58 p.m. PKT, Nov 2).
🧮 What the $17.3B drop is made of:
💲 $3.3B lower crypto prices (same coins, fewer dollars)
🔓 $6.3B the hack
🚪 $7.6B other net outflow, including moves between Binance's own wallets
⚖️ Why they differ: Binance counted 9.5 hours, DefiLlama counts 24. DefiLlama tracks $143.4B of wallets, while Binance reported $171B. Binance says DefiLlama misses its new hot wallet (not independently confirmed). CryptoQuant measured 2.43% of BTC reserves leaving, close to Binance's 2.1%.
Are you keeping your funds on Binance? 👇
#Binance #DefiLlama #Crypto
🏦 Binance says users withdrew $4.649B and deposited $1.01B from 11 a.m. to 8:30 p.m. PKT on Nov 1. Net outflow: $3.64B, or 2.1% of $171B total assets.
📉 DefiLlama tracks $127.65B in Binance wallets, down $17.3B from $144.9B on Oct 29. Its 24-hour net outflow reading is $5.14B (checked 3:58 p.m. PKT, Nov 2).
🧮 What the $17.3B drop is made of:
💲 $3.3B lower crypto prices (same coins, fewer dollars)
🔓 $6.3B the hack
🚪 $7.6B other net outflow, including moves between Binance's own wallets
⚖️ Why they differ: Binance counted 9.5 hours, DefiLlama counts 24. DefiLlama tracks $143.4B of wallets, while Binance reported $171B. Binance says DefiLlama misses its new hot wallet (not independently confirmed). CryptoQuant measured 2.43% of BTC reserves leaving, close to Binance's 2.1%.
Are you keeping your funds on Binance? 👇
#Binance #DefiLlama #Crypto
