3 Signals That Could Shape Bitcoin’s Next Move After Binance Hack

The hacker moving the stolen funds could create localized selling pressure while also making their recovery and attribution harder. With Bitcoin trading at around $78,000 after last week’s $6.3 billion Binance hack, the market is facing new questions about how institutional demand, exchange liquidity, and the movement of stolen funds could affect it going forward. According to a market watcher, the next phase may depend less on the scale of the breach than on whether these pressures begin to influence wider market conditions. ETF Outflows and Binance Withdrawals Put Market Liquidity to the Test CryptosRus identified three areas worth watching in a November 2 post, namely spot Bitcoin and Ethereum ETF flows, exchange withdrawals, and any attempts by the Binance hacker to convert and move the stolen loot. Institutional demand is already showing signs of weakness, with BTC and ETH ETFs, respectively, recording $202.59 million and $431.53 million in outflows last week, with the Bitcoin funds alone in the red for over $643 million on Friday, their largest one-day outflow since June 25, when almost $700 million left them. Meanwhile, Ethereum saw five straight days of redemption, the bigg...