TREE NEWS reports: Binance’s Bitcoin wallet balance fell for a fourth straight day to about 652,300 BTC, down roughly 23,200 BTC from the 675,500 BTC held on Oct. 30, when the exchange was hacked, Coinglass data show. The balance dropped about 15,894 BTC in the past 24 hours, possibly reflecting withdrawals after Binance reopened them.
Binance Bitcoin Wallet Balance Falls for Fourth Day, Down 23,000 BTC Since Hack
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AI take
Four consecutive days of outflows from the industry's largest bitcoin wallet is a meaningful signal of post-hack confidence, not just routine rebalancing. The scale of the 24-hour drop, far exceeding the cumulative decline before it, suggests the reopening of withdrawals unlocked pent-up demand to move coins off-exchange — a behavior shift that matters for any venue relying on deposit inertia. Worth watching is whether the balance stabilizes once the initial withdrawal wave clears, or whether the drawdown reflects a longer-lasting change in how holders treat exchange custody.
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