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Binance has reopened withdrawals for Hyperliquid (<a href="https://x.com/HyperliquidX" rel="noopener noreferrer nofollow">@HyperliquidX</a>) <a href="https://x.com/search?q=%24HYPE&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$HYPE</a> and Aptos (<a href="https://x.com/Aptos" rel="noopener noreferrer nofollow">@Aptos</a>) <a href="https://x.com/search?q=%24APT&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$APT</a>, extending its phased recovery after the October 29 security breach. Data from CryptoQuant, however, points to a significant drop in the exchange's Bitcoin holdings over the same period.
<h2 id="withdrawals-restored-ahead-of-schedule">Withdrawals Restored Ahead of Schedule</h2>
Binance restored withdrawals for HYPE and APT on Sunday, Nov. 8, advancing its recovery from the $6.3 billion October hack. The announcement followed Binance's Nov. 6 commitment to restore withdrawals for HYPE, APT, INJ, PLASMA, NEAR, and LTC by the end of the following week. That means the two assets returned earlier than the exchange's stated target.
Binance stated that as security checks are completed, more assets and networks will be gradually restored for withdrawals. Previously, the platform had resumed withdrawals for certain assets on the Ethereum and Solana networks. Some withdrawal services remain unavailable, and Binance has not published a complete timetable or list of outstanding restrictions in its latest notice.
Market reaction has been muted. HYPE has fallen by more than 12% over the past seven days, making it one of the weaker performers in the altcoin market.
<h2 id="cryptoquant-data-shows-bitcoin-reserve-decline">CryptoQuant Data Shows Bitcoin Reserve Decline</h2>
The reopening comes alongside data pointing to larger structural outflows. According to CryptoQuant metrics examined through Nov. 8, Binance's Bitcoin reserves have fallen from approximately 730,000 <a href="https://x.com/search?q=%24BTC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$BTC</a> before the attack to 673,700 $BTC, a decline of roughly 56,000 $BTC, or 7.7%. At recent prices near $75,000, that is worth roughly $4.2 billion.
The most pronounced withdrawals occurred between late October and early November, when daily Bitcoin netflows registered approximately negative 14,500 BTC, 22,000 BTC, 16,500 BTC, and 9,000 BTC. The 22,000 BTC reading marked the largest daily net outflow across the 12-month stats.
There are signs the pressure is easing. The latest reading shows approximately 1,300 $BTC in positive daily netflows, an improvement on the movements recorded immediately after withdrawals resumed. CryptoQuant's figures also show other reserves under strain: ETH reserves dropped from about 3.48 million coins to 3.08 million coins, a decrease of approximately 400,000 coins.
The reserve figures are estimates and should not be read as a measure of the hack's direct losses. Reserve changes reflect customer withdrawals as well as any stolen funds, and different data providers use different address labels. Arkham data, for example, shows roughly 696,184 BTC and 3.454 million ETH across Binance's marked addresses, higher than CryptoQuant's estimates.
For now, the key question for traders is whether Binance can restore the remaining assets and networks without renewed outflows.
Sources:
<ul>
 <li><a href="https://news.bitcoin.com/crypto-news/binance-restores-hype-apt-as-data-reveals-billions-in-reserve-outflows/" rel="noopener noreferrer nofollow">Bitcoin.com News: Binance Restores HYPE, APT as Data Reveals Billions in Reserve Outflows</a></li>
 <li><a href="https://www.chaincatcher.com/en/article/2302812" rel="noopener noreferrer nofollow">ChainCatcher: Binance resumes withdrawals for HYPE and APT</a></li>
 <li><a href="https://ambcrypto.com/binance-resumes-hype-withdrawals-but-how-will-altcoin-navigate-77-6m-in-shorts/" rel="noopener noreferrer nofollow">AMBCrypto: Binance resumes HYPE withdrawals, but how will altcoin navigate $77.6M in shorts?</a></li>
</ul>
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Binance Reopens HYPE and APT Withdrawals as CryptoQuant Shows 56,000 BTC Reserve Drop

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