Here’s How Much Binance Users Withdrew as Bitcoin Bulls Spot an FTX-Era Signal

The world’s largest crypto exchange by market cap resumed withdrawals earlier today and later reported that users requested nearly $4.7 billion to be taken out of the platform. At the same time, BTC continues to trade close to $78,000, with some analysts drawing comparisons to the post-FTX collapse, which marked the bear market’s bottom. $3.64B Leaves Binance CryptoPotato reported earlier today that Binance began progressively reopening withdrawals at 06:00 UTC, and all 15 networks and assets included in its initial phase were operational again within five hours. It later reported that users withdrew $4.649 billion between 06:00 and 15:30 UTC, while deposits totaled $1.01 billion. This meant that the net outflows were approximately $3.64 billion.

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