Binance's Bitcoin balance drops by 23,200 coins from the day of the hack

Binance's bitcoin wallet balance fell by roughly 23,200 BTC over four consecutive days, dropping from about 675,500 BTC on October 30—the day of the exchange's hack—to approximately 652,300 BTC as of November 2, according to CoinGlass data cited by Odaily. The most recent 24-hour decline of about 15,894 BTC may reflect the reopening of withdrawals rather than unusual outflows, per the report. The figures represent only bitcoin remaining in tracked addresses, so the aggregate data cannot pinpoint whether the decline stems from customer withdrawals, internal wallet movements, or changes in Binance's total holdings. The balance drop matters because exchange reserves are a key gauge of customer asset coverage and market confidence following a security incident. Watch for whether outflows stabilize as withdrawals normalize and for Binance disclosures clarifying reserve composition and customer asset backing.