NewsSignals AI analysis·Shaurya Malwa·
Live updates: Binance records $6 billion outflows after starting withdrawals, less then 4% of total holdings
Grade Sbearish AI signal$BTC$ETH$SOL$XRP
Binance recorded approximately $6.1 billion in outflows within 24 hours of reopening withdrawals after a $6.3 billion cryptocurrency hack, equivalent to roughly 3.6% of its previously reported holdings. Binance processed $4.649 billion in withdrawals against $1.01 billion in deposits during the first nine and a half hours, while rival OKX recorded approximately $450 million in net inflows. Despite the withdrawals, Binance retained substantial crypto reserves and said it had replenished approximately 95% of the assets affected by the hack, which could help stabilize confidence but may not immediately reverse concerns about exchange security.
Bullish strength: 25/100
- Outflows represented approximately 3.6% of Binance's previously reported $171 billion in holdings.
- Approximately $129 billion remained in Binance-linked cryptocurrency wallets.
- Binance reported replenishing approximately 95% of the assets affected by the hack.
- Deposits remained substantial despite the initial withdrawal surge.
Bearish strength: 75/100
- Approximately $6.1 billion flowed out of Binance-linked wallets within 24 hours of withdrawals reopening.
- The exchange suffered an approximately $6.3 billion cryptocurrency hack.
- Binance recorded $3.64 billion in net outflows during the first nine and a half hours.
- OKX recorded approximately $450 million in net inflows, indicating movement toward competing exchanges.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.