Binance Withdrawals Top FTX Levels in November, but Crypto Liquidity Defies Panic
AI summary
Binance saw withdrawals in November that matched the levels seen during the FTX collapse, a comparison that would normally spark contagion fears. The exchange still holds $171B in assets, and its hack coverage plus Bitcoin's resilience suggest the market absorbed the outflow without panic. Traders will watch whether reserves stay stable, since a repeat of FTX-style drains is the key tail risk for exchange-linked sentiment.
