So, Binance, the big kahuna of crypto exchanges, just lost $21.75 billion in a week. Yeah, you read that right. $21.75 billion. That’s like losing a small country’s GDP in seven days. 🤑 All because the U.S. decided to slap tariffs on China, and suddenly everyone’s like, “Oh no, my crypto!” and starts hitting that withdraw button like it’s a fire alarm. 🚨
According to CoinGlass, $4.1 billion vanished in 24 hours. That’s faster than I can finish a bowl of soup. 🍲 Meanwhile, Bitcoin took a nosedive from $111,797 to $102,000, Ether slipped to $3,500, and Solana? Well, let’s just say it’s swimming in the shallow end now. 🌊 Traders were selling like their lives depended on it. Spoiler: It probably did.
Over the past few days, centralized exchanges have seen significant asset outflows, with #Binance experiencing the largest outflow – $21.75 billion over the past seven days. 😱
– CoinGlass (@coinglass_com) October 15, 2025
Everyone’s Running for the Hills
Binance wasn’t alone in this crypto exodus. Bitfinex lost $390 million in a day and $905 million in a week. OKX? $288 million in 24 hours, over $1 billion in seven days. Gate and Bitget also joined the billion-dollar club-but not the fun kind. 🎢 Meanwhile, Bitunix gained $147.7 million. Guess some traders still think it’s the Titanic’s lifeboat. 🚤
CoinGlass reported $19.1 billion in liquidations, but researcher Yan says it’s probably way higher. Binance’s system only counts the latest liquidation per second, so it’s like trying to count raindrops in a hurricane. 🌪️ “Liquidations come in bursts, causing up to 100x underreporting,” Yan said. Oopsie. 🤷♂️
Binance’s Damage Control: The “Together Initiative”
Binance finally spoke up, admitting the market’s been a dumpster fire. 🔥 They launched the “Together Initiative” to win back trust. CZ even shared a nostalgic story about a $6 million payout in 2017, because nothing says “we’re reliable” like a seven-year-old anecdote. 📜 Meanwhile, X commentators are screaming, “Withdraw now!” like it’s the end of the world. 🌎
Let me share a little story on the largest ever single payment from @Binance, the $6m in 2017!
I hope this will help you better understand the #Binance culture.
Binance launched on July 14, 2017, having successfully raised $15m in its ICO two weeks prior.
Less than 6 weeks…
– CZ 🔶 BNB (@cz_binance) October 14, 2025
The real takeaway? Investors want transparency, not just promises. After this chaos, Binance’s next move could either save the day or turn this into a full-blown circus. 🎪 Will they regain trust, or will everyone keep running for the exits? Stay tuned, folks. This is better than a soap opera. 🍿
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2025-10-15 10:29