Binance Withdrawal Surge: Why the Net Outflow Numbers Don’t Match
Key Highlights: Binance estimated its recent net outflow at 2.1% against $171 billion in assets under management from its October 28 reserve snapshot, while third-party trackers like DefiLlama and CryptoQuant reported conflicting figures due to different tracking windows and address labeling gaps. Internal transfers to Binance’s newly generated hot wallets appeared as external outflows on ...