Bitget is undergoing its first wave of withdrawal stress testing. Following the hacking incident, Bitget immediately suspended withdrawals to buy time for a comprehensive investigation. Of course, this inevitably delayed the withdrawal pressure until withdrawals were reopened. According to Glassnode data, between the 27th and 28th, Bitget's BTC balance curve dropped sharply, with a total decrease of 5,891 BTC. Even so, the remaining balance is still 29,729 BTC, equivalent to levels last seen in October 2025, so the situation isn’t particularly severe. At the same time, the whale outflow index is at 0.027, meaning that within this rolling window, BTC withdrawn from Bitget addresses to whale entities accounts for about 2.7% of the current balance. (Here, whale entities refer to clusters of addresses holding over 1,000 BTC, which are neither exchanges nor miners.) This value hasn’t significantly increased compared to the daily average, indicating that BTC whales on Bitget haven’t panicked or lost trust in the platform due to this hacking incident. Based on this, it can be inferred that the majority of the current withdrawals are likely retail investors engaging in precautionary behavior. Typically, the first wave of withdrawals is the most intense. As long as withdrawals are gradually reopened under secure conditions, the pressure should ease over time. We can monitor the data changes in real-time. Let’s hope Bitget can navigate this crisis smoothly and protect the assets of all its users. #Bitget #Crypto #BTC #Glassnode