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.
Binance users pulled more $BTC out than the hackers did.
— CryptoQuant.com (@cryptoquant_com) November 4, 2026
Nov 1–2: 25,793 $BTC withdrawn vs 18,270 stolen, the biggest single-day outflows of the year for $BTC, $ETH, $USDT and $USDC.
By Nov 3, $ETH, $USDT and $USDC had flipped back to net inflows. The run is already fading. pic.twitter.com/ElxbehMX1z
Binance Withdrawals Show Fear Outran The Hack
The panic, however, appears to be fading. By November 3, $ETH, $USDT and $USDC had returned to net inflows. That suggests the withdrawal rush wasn’t necessarily turning into a sustained exodus across every major asset.
Bitcoin exchange reserves also declined, slipping from 2.85 million $BTC to 2.83 million $BTC. The drop offers another sign of coins leaving exchange-held balances, although reserve changes alone don’t establish where withdrawn assets went.
Binance $BTC Funding Rate Signals Growing Bullish Bets
Meanwhile, Binance futures traders are getting more aggressive. The $BTC funding rate reached 0.01, its highest reading in more than two months, against a 30-day simple moving average of approximately 0.004557.
Positive funding means traders holding long positions are paying fees to short-position holders. In plain terms, bullish bets are becoming more expensive.
Rising Long Exposure Could Bring Liquidation Risk
That optimism comes with a catch. Crowded long positions can leave traders vulnerable if prices suddenly fall, triggering liquidations and potentially intensifying volatility.
For now, the data presents a mixed picture: Binance $BTC outflows remain notable and futures sentiment has turned more bullish. Whether confidence fully returns depends on what traders do next.
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