Binance BTC Outflows Exceed Reported Hack Losses as Reserves Fall

Users withdrew 25,793 BTC from Binance between November 1 and 2, exceeding the reported 18,270 BTC stolen. Binance BTC funding reached 0.01, its highest level in over two months, suggesting stronger demand for leveraged long positions. Binance BTC outflows exceeded the reported amount stolen during the exchange’s recent security incident. Between November 1 and 2, users withdrew 25,793 BTC, compared with 18,270 BTC stolen. The withdrawals marked the year’s biggest single-day outflows across BTC, ETH, USDT and USDC, according to the data figures. The panic, however, appears to be fading.