According to CoinMeta, Martin Lee, the head of market insights at DWF Labs, stated that Binance was able to absorb the losses from the theft through its own balance sheet, and the incident did not have a widespread contagious effect. Investors have now shifted their attention to the impact of the mid-term elections in the United States. According to Defillama data, as of the time of this report, Binance experienced a net outflow of $458 million in the past 24 hours, which is lower than the $6.1 billion on November 2nd. Bitfinex analysts believe that most of the impact of the hacking incident has been absorbed by the market, and whether Bitcoin can confirm a bottom depends on the CPI data from the United States that will be released on November 10th.