Despite rumors of a withdrawal crisis, Binance reported a $700 million net inflow in 24 hours, maintaining strong asset levels.
In a notable turn of events, Binance has reported a substantial net inflow of nearly $700 million within the last 24 hours, according to DeFiLlama's data. This increase comes despite circulating rumors on social media regarding significant withdrawals and account closures.
Currently, Binance retains the top position among centralized exchanges, holding total assets valued at $147 billion. Of this amount, $120 billion are categorized as "net assets," which excludes the BNB token.
When compared to its competitors, Binance's daily inflow far exceeds that of OKX, which saw an increase of $185 million, while Bybit experienced a decrease of $5.44 million.
Weekly metrics reflect a similar positive trend, with total inflows reaching $979.06 million over the past seven days and $996.71 million in the past month.
Impact of a Technical Issue and Misinformation
On February 3, Binance faced technical difficulties that affected withdrawal processes. The platform acknowledged these issues, promising users that a solution was underway and that services would be restored soon.
“We are aware of technical difficulties impacting withdrawals on the platform. Our team is already working on a fix, and services will resume shortly,” stated Binance.
This glitch prompted a surge of negative commentary online, with various crypto influencers alleging a "withdrawal crisis" and advising users to take out their funds.
SO MANY PEOPLE ARE CLOSING THEIR BINANCE ACCOUNTS THAT IT IS CAUSING A WITHDRAWAL CRISIS
GET YOUR FUNDS OUT OF BINANCE pic.twitter.com/d2yWObSjGc
— Leonidas 🧡 $DOG (@LeonidasNFT) February 3, 2026
However, on-chain analysis from CryptoQuant indicates that Binance's reserves remain stable, with the exchange's Bitcoin holdings still standing at 659,000 BTC.
