Murphy|11月 03, 2026 06:33
Glassnode data shows that after Binance reopened BTC withdrawals, OKX's BTC balance increased by approximately 4,600 BTC, making it the primary recipient among the seven exchanges.
While Coinbase also saw an increase of approximately 2,700 BTC, its hourly volatility is inherently high, thus its credibility is questionable (the increased BTC may not necessarily have originated from BN).
Additionally, Bybit absorbed a small portion, approximately 900 BTC. Bitget and Gate, however, saw outflows; this is somewhat strange. Could it be that due to the Binance situation, users are now worried about the safety of their BTC held on these two exchanges?
In any case, the data clearly shows that investors are voting with their feet; besides Binance, OKX is the most trustworthy exchange.
This data is actually more convincing than the trading volume, reserves, growth scale, etc., that we usually see.
When a crisis occurs, where money flows becomes the safe haven in users' minds.
The hierarchy is clear.
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