CryptoOnchain
Binance XRP Netflow Falls to −14.97M, 1st Percentile of the Past Year
XRP closed at 1.25 on November 2, 2026. Binance netflow was −14.97M that day, in the 1st percentile of the past year. The Binance funding rate reached 0.0101, in the 95th percentile. The 7-day average netflow is −48.39M, and XRP reserves on Binance stand at 2.38B, 5.2% lower than 30 days ago (Z = −2.89). Inflow was only 341.7K against 15.32M of outflow. Together, these readings may suggest XRP is leaving Binance faster than it arrives, which could reflect transfers to self-custody or other venues. Context matters. On October 29, 2026, Binance suffered a hot-wallet hack of roughly $6.2 to $6.4 billion across about ten blockchains, including XRP. Binance said user assets were not affected. The event may distort exchange flow readings for the same period, so the netflow figures should be read with that in mind. Binance open interest is 448.18M, 13.2% below its level 30 days ago. Long liquidations reached 9.91M on October 29, the day price fell from 1.33 to 1.24, which may suggest leveraged longs were flushed. The funding rate (Z = +1.53) has repeated across several days and may reflect an API carry-forward. Active accounts reached 36.3K (Z = +4.87, 99th percentile) and transactions reached 2.73M (Z = +2.25), while price is down 16.0% over 30 days. This divergence may create conditions that historically preceded periods of volatility, although these metrics do not indicate direction. Macro context: GDP and PCE were released on October 29, the same day XRP fell. Q3 real GDP grew 3.40% annualized and PCE inflation was 3.65% year over year. These are US-level series and do not measure XRP directly. One candidate explanation, unverified: the October 29 decline may reflect a reaction to GDP, the Binance hack, or both, amplified by long liquidations on Binance. "For now, the clearest reading is that XRP is leaving Binance while leverage there remains elevated, though the window is short and several series still need verification."