[DWF Labs: Binance Hack Not Widespread, Net Outflow Drops to $458 Million in 24 Hours] According to a report by Jinse Finance on November 9th, citing Cointelegraph, Martin Lee, Head of Market Insights at DWF Labs, stated that Binance is able to absorb the losses from the hack through its own balance sheet, therefore the incident does not appear to have a widespread contagion effect. Investors have shifted their focus to the impact of the US midterm elections. The report, citing DefiLlama data, stated that in the 24 hours leading up to the report, Binance experienced a net outflow of $458 million, lower than the $6.1 billion seen on November 2nd after withdrawals resumed. Bitfinex analysts believe that the market has largely absorbed the impact of the hack, and whether Bitcoin can confirm a bottom depends on the US CPI data released on November 10th.