Glassnode
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Institutional Data and Market Intelligence for Digital Assets.

https://studio.glassnode.com/
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Altcoin profits came and went within a month.

In late September, recent buyers were selling most tokens at a profit, the biggest spike since December 2024.

A month later, most of them are back to selling at a loss, while $BTC barely moved.
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It looks like Binance was just hacked for around $5.3 billion worth of assets.

The largest pieces:
$1.66 billion in USDT
17,985 $BTC, about $1.45 billion
$767m in USDC

ETH and dozens of smaller tokens follow.

The total is still a small part of what Binance holds on-chain.
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Outflows across chains happened one after the other. XRP went first, then SOL shortly after, then BTC, ETH, USDT and TRX together, finally USDC.

Binance's BNB balance was left untouched.

It wasn't just the major assets.

Dozens of smaller tokens saw a large share of their Binance balance leave in the same hour. According to our data, #FUN tokens were completely drained from the exchange.
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Strategy Watch is our monthly read on fund performance, capital flows, and allocator positioning across digital assets, produced with Crypto Insights Group

Edition #9 is live now πŸ‘ˆ
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$BTC is retesting the True Market Mean.

It could pull back all the way to the short-term holder cost basis at $75.8k and still be a good setup for continuation.

Retests like this are normal in an uptrend. The last one, in mid-September, came days before the high of the move.
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Yesterday’s Binance hack is the largest in crypto history.

Over $6 billion was affected, more than the next 9 largest hacks combined.

The previous largest, Bybit in February 2025, was $1.5 billion.

3 out of the 10 largest have now happened since 2025, all at exchanges.
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