Binance reopened withdrawals after a $6.3 billion hack and customers immediately pulled $6 billion out, about 4% of total holdings. Bitcoin slipped to $77,900 during the rush before clawing back toward $79,000. Binance says 90 to 95% of affected user assets are now backed.

When people can finally move their money again after an event this size, the first wave of exits tells you how much trust is gone. A sustained outflow pattern from here would keep a ceiling on Bitcoin prices because Binance handles a huge share of global Bitcoin trading volume. Fewer active buyers on the largest exchange means less fuel for any recovery.

The real test is whether outflows slow in the next 2 weeks or keep running at this pace. Are you keeping funds on centralized exchanges right now or moving to self-custody after seeing this?