Update
Binance Users Withdraw Nearly $3.64 Billion
Binance resumed withdrawals, with users requesting nearly $4.7 billion, resulting in net outflows of approximately $3.64 billion from its $171 billion in assets. Despite a significant hack and market turbulence, Bitcoin remains stable around $78,000, drawing comparisons to its behavior after the FTX collapse. Analysts express bullish sentiment, noting the lack of further selling pressure and drawing parallels to previous market recoveries following major downturns.