Bitcoin slips to $76,878 as Binance customers pull $4.65B in hours

The money moved fast. Binance logged $4.65 billion in customer withdrawals against $1.01 billion in deposits during the opening nine and a half hours after withdrawals resumed Nov. 1, according to tokenpost.com. That left a net outflow of $3.64 billion, roughly 2.1% of the exchange's stated $171 billion in assets. Bitcoin was trading at $76,878 at 2:14 p.m. ET Monday.

Then the surge cooled. Withdrawal activity eased after that first burst, the report says, while deposits kept arriving at a substantial pace — a sign not everyone was heading for the exits.

The ETFs told a similar story, just on Friday's clock. U.S. spot Bitcoin ETFs recorded $643 million in outflows, their heaviest single-day withdrawal in October.

Derivatives got busy too. Trading activity picked up, but open interest didn't climb at the same rate, and liquidations rose as leveraged positions were closed out.

One timing quirk worth flagging: the two flow figures cover different windows — Friday for the ETFs, the first nine and a half hours of resumed Binance withdrawals on Sunday. Traders now have Tuesday's U.S. midterm elections and an employment report due Nov. 6 in their sights.