Binance Sees $5.14 Billion in Daily Net Outflows After Withdrawal Restart
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Binance recorded $5.14 billion in daily net outflows after restarting withdrawals, with weekly net outflows reaching nearly $14 billion, according to on-chain flow data. The exodus contrasted sharply with the broader market: the next nine venues by tracked assets posted $507 million in combined daily net inflows over the same period. The scale of the outflows suggests users are moving funds off the exchange following the withdrawal restart, though the article does not specify whether the moves reflect precautionary self-custody, arbitrage, or trading repositioning. The divergence between Binance's outflows and inflows at other venues indicates capital is rotating rather than exiting crypto entirely. Watch whether Binance's outflow pace decelerates in coming days and whether other major exchanges absorb a similar share of the redirected funds.
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