Bitcoin fell back to around $77,900 as several market signals pointed to weaker near-term demand. After Binance resumed withdrawals in stages on Sunday, the exchange processed $4.65 billion in withdrawals and $1.01 billion in deposits, leaving a net outflow of $3.64 billion. Binance said it has now covered about 95% of the $6.3 billion tied to the theft, while the U.S. Federal Bureau of Investigation formally attributed the incident to North Korea’s TraderTraitor group.
On the institutional side, U.S. spot Bitcoin ETFs recorded $643 million in net outflows on Friday, the largest one-day withdrawal since June and enough to erase the previous four straight days of inflows. In derivatives, crypto futures trading volume rose 56% over 24 hours to $111.8 billion, but total open interest was little changed at $137.1 billion. That combination suggests heavier trading activity without a meaningful build in fresh positions. Liquidations climbed 77% to $140.2 million, while BTC and ETH futures open interest both showed limited movement. On Deribit, the three most actively traded BTC options over the past 24 hours were all puts, according to CoinDesk.
Bitcoin fell back to around $77,900, with spot and derivatives data both pointing to pressure on the market.
Binance saw $3.64 billion in net outflows after withdrawals resumed
According to CoinDesk, Binance processed $4.65 billion in withdrawals and $1.01 billion in deposits after restoring withdrawals in stages on Sunday, resulting in net outflows of $3.64 billion.
Binance said it has covered about 95% of the $6.3 billion in stolen funds. The U.S. Federal Bureau of Investigation, or FBI, has formally attributed the theft to North Korea’s TraderTraitor group.
U.S. spot Bitcoin ETFs posted the biggest daily outflow since June
In the ETF market, U.S. spot Bitcoin ETFs recorded $643 million in net outflows on Friday. That was the largest single-day outflow since June and erased the previous four consecutive days of inflows.
Futures volume surged, but open interest barely moved
In derivatives, crypto futures trading volume rose 56% over the past 24 hours to $111.8 billion. Total open interest, though, was largely flat at $137.1 billion, indicating that trading activity increased while fresh positioning remained limited.
Liquidations over the same period climbed 77% to $140.2 million. BTC futures open interest was little changed, and ETH futures open interest also showed limited movement. On Deribit, the three most actively traded BTC options in the past 24 hours were all put options.
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