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Crypto majors fall amid $1B+ ETF outflows post-Binance hack; Tom Lee sees bullish signs in market resilience.

Market News
03 Nov 2026, 15:11 WIB
Decrypt
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Neutral
Crypto majors fall amid $1B+ ETF outflows post-Binance hack; Tom Lee sees bullish signs in market resilience.

Major cryptocurrencies declined as Bitcoin ETFs experienced over $1 billion in outflows following the $6.3 billion Binance hack. Despite the sell-off, analyst Tom Lee called the market's response "constructive," highlighting Binance's coverage of losses without socializing them, rapid freezing of stolen stablecoins, and no DeFi protocol failures. Lee's firm, BitMine Immersion, increased its Ethereum holdings significantly, though October saw record outflows from U.S. ETH ETFs. The market now watches how Ethereum will perform without this large corporate buyer. Meanwhile, North Korea denies involvement in the hack, calling allegations politically motivated.

Ethereum trades at Rp41.394.495 with a slight 0.05% gain as of Nov 03, 2026 20:23 WIB on Pluang, showing resilience despite the Binance hack fallout. Bitcoin is priced at Rp1.405.592.515, down 0.33%, while Pluang users show a strong buying interest with 73% buy orders for BTC and 63% for ETH. This steady demand contrasts the large ETF outflows mentioned in the news, highlighting different investor behaviors on Pluang.

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