Changpeng Zhao, founder of cryptocurrency exchange Binance, announced on X today, November 3, 2026, that the platform's hourly inflows are currently surpassing outflows. Zhao stated, "Binance hourly deposits EXCEED withdrawals. According to public reports, only 6-10% of withdrawals went to other CEX. Majority went to self-custody wallets, and have not interacted with a DEX yet." This update comes as market participants closely monitor exchange liquidity and user asset movements.
This report from Binance follows a period of heightened scrutiny over crypto exchange stability and user fund security. Recent Gokhshtein coverage has highlighted significant movements of Bitcoin, including a BlackRock Bitcoin ETF posting a $405 million outflow and 7,499 BTC flowing to Binance as a whale liquidated a position. Additionally, an 830 Bitcoin inflow to Coinbase indicated potential sell pressure around the $77,000 level for the asset, which is currently trading at $76,945. The Crypto Fear & Greed Index is at 26, indicating "Fear."
Zhao's statement implies a stabilization or even a regaining of confidence in Binance, despite broader market jitters. The observation that most withdrawals are moving to self-custody wallets, rather than other centralized exchanges or decentralized platforms, suggests a trend towards greater individual control over assets. This could be interpreted as users seeking long-term security outside of immediate trading venues, potentially reducing liquidity on exchanges but also indicating a commitment to holding digital assets.
