Binance Hack Triggers 28,316 BTC Outflows, Santiment Reports

After the $6. 34 billion Binance hack, net outflows from the exchange’s wallets reached about 28,316 BTC. Santiment tracked those flows through Nov.

5. Its Nov. 6 report showed that traders still held billions of dollars in futures positions.

How the Binance Hack Affected Exchange Flows and Trading Binance began reopening withdrawals on Nov. 1. Bitcoin balances across tracked exchanges fell 2.

92% from Oct. 25 to Nov. 5.

The 38,631 BTC decline began four days before the breach. According to a report, Bitcoin drew about 2. 7 negative comments for every positive one on Oct.

29 and 30. Futures open interest on the exchange fell after the Binance hack. By Nov.

5, it stood near $8. 97 billion for Bitcoin and $8. 03 billion for Ethereum.

Net USDT outflows on Ethereum hit 3. 94 billion tokens across tracked exchanges on Nov. 2.

The Oct. 29 reading totaled 1. 71 billion.

That day…