[Data: Binance Bitcoin Balance Drops from 732,000 to 711,000 After Withdrawals Reopened, Less Than 3%] BlockBeats reported on November 3rd that market analyst Murphy observed a wave of withdrawals after Binance gradually reopened its withdrawal function on November 1st. On-chain data shows that the BTC balance dropped from 732,000 to 711,000, a total of 21,064 BTC being withdrawn. While the amount isn't small, it represents less than 3% of the total balance. Analysts believe that from a risk-sharing perspective, placing some assets across multiple trading platforms is a relatively reasonable option. However, there's no 100% guarantee that other trading platforms will not be hacked in the future, or that full compensation will be provided in the event of a breach. In terms of solvency, Binance still holds $139.7 billion in on-chain assets, with BTC and USDT accounting for nearly 60%, BNB for 18%, and ETH for 6%. Binance's reserves remain unparalleled. [Original Link]