Binance, the world\u2019s largest crypto exchange by trading volume, recorded a sharp surge in weekly outflows as Ethereum withdrawal activity climbed to a multi-year high.<\/p>\n
According to DefiLlama data<\/a> viewed by Cointelegraph on Sunday, Binance saw $1.23 billion in net outflows during the week beginning June 29, a 207% increase from roughly $400 million the week prior<\/a>, while monthly net outflows totaled about $3.2 billion.<\/p>\n Separately, CryptoQuant community analyst Darkfost reported<\/a> Friday that Binance\u2019s Ethereum withdrawal transactions hit their highest level in more than three years, with over 166,000 withdrawal transactions in a single day.<\/p>\n While some of the movement may reflect accumulation behavior, Darkfost pointed to regulatory uncertainty<\/a> stemming from the European Union\u2019s Markets in Crypto-Assets Regulation (MiCA)<\/a> and short-term market positioning as possible drivers.<\/p>\n Binance\u2019s ETH withdrawals marked the sharpest increase in withdrawal transactions recorded on Binance since March 2023, coinciding with Ether posting a modest rebound of around 10% over two days, according to CryptoQuant data.<\/p>\n \u201cThis surge in withdrawals could reflect genuine demand building around the $1,500 level, with investors choosing to take exposure and pull their funds off the exchange, a pattern that typically points toward longer-term accumulation rather than short-term trading,\u201d Darkfost said.<\/p>\n<\/p>\n Source: <\/em>CryptoQuant<\/em><\/a><\/p>\n Ether prices showed a broader recovery over the past week. According to Coingecko data, ETH rose<\/a> about 12.5% over the past seven days, trading at $1,766 at the time of publication.<\/p>\n Related: <\/strong><\/em>Bitcoin profit and loss ratio falls to 43-month low<\/strong><\/em><\/a><\/p>\n Bitcoin, the largest cryptocurrency by market capitalization, also edged up 4.3% over the same period, trading<\/a> at $62,925 at the time of publication.<\/p>\n Apart from Binance, several other centralized exchanges (CEXs) also recorded outflows over the past week.<\/p>\n Bitfinex saw $407.5 million in outflows, followed by Gate at $214.3 million. OKX recorded $87.1 million in outflows, while Bybit posted $78.4 million, according to DefiLlama data.<\/p>\n<\/p>\n Top five exchanges sorted by weekly net flows. Source: DefiLlama<\/em><\/p>\n On the inflow side, Crypto.com and HashKey Exchange led gains over the past week, recording around $63 million and $53.3 million in net inflows, respectively.<\/p>\n Smaller inflows were also seen across KuCoin at $22.1 million, Gemini at $17.4 million, and Bitvavo at $15.8 million over the same period.<\/p>\n Magazine: <\/strong><\/em>Bitcoin copying 2022 \u2018almost perfectly,\u2019 Ether to $4K in 2026: Market Moves<\/strong><\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Binance, the world\u2019s largest crypto exchange by trading volume, recorded a sharp surge in weekly outflows as Ethereum withdrawal activity climbed to a multi-year high. According to DefiLlama data viewed by Cointelegraph on Sunday, Binance saw $1.23 billion in net outflows during the week beginning June 29, a 207% increase from roughly $400 million the […]<\/p>\n","protected":false},"author":1,"featured_media":33361,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg","fifu_image_alt":"","footnotes":""},"categories":[11990],"tags":[23413,14120,12256,14307,3714,3677,23414],"class_list":["post-33360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-plug","tag-1-23b","tag-binance","tag-eth","tag-outflows","tag-sees","tag-surge","tag-withdrawals"],"rttpg_featured_image_url":{"full":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",0,0,false],"landscape":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",0,0,false],"portraits":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",0,0,false],"thumbnail":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",150,150,false],"medium":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",300,300,false],"large":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",1024,1024,false],"1536x1536":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",1536,1536,false],"2048x2048":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",2048,2048,false],"post-thumbnail":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",370,265,false],"kava-thumb-s":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",150,85,false],"kava-thumb-s-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",230,230,false],"kava-thumb-m":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",400,400,false],"kava-thumb-m-vertical":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",370,500,false],"kava-thumb-m-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",570,450,false],"kava-thumb-l":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",1170,650,false],"kava-thumb-xl":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",1920,1080,false],"kava-thumb-masonry":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",600,999,false],"kava-thumb-justify":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",640,640,false],"kava-thumb-justify-2":["https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-how-to-assess-the-value-of-binance.jpg",1280,640,false]},"rttpg_author":{"display_name":"#RiseCelestialStudios","author_link":"https:\/\/design-providers.com\/rise\/author\/ralph-c\/"},"rttpg_comment":0,"rttpg_category":"CRYPTO PLUG<\/a>","rttpg_excerpt":"Binance, the world\u2019s largest crypto exchange by trading volume, recorded a sharp surge in weekly outflows as Ethereum withdrawal activity climbed to a multi-year high. According to DefiLlama data viewed by Cointelegraph on Sunday, Binance saw $1.23 billion in net outflows during the week beginning June 29, a 207% increase from roughly $400 million the…","_links":{"self":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/33360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/comments?post=33360"}],"version-history":[{"count":1,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/33360\/revisions"}],"predecessor-version":[{"id":33362,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/posts\/33360\/revisions\/33362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media\/33361"}],"wp:attachment":[{"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/media?parent=33360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/categories?post=33360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/design-providers.com\/rise\/wp-json\/wp\/v2\/tags?post=33360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETH outflows vs price rebound<\/h2>\n
Outflows dominate CEXs while inflows remain fragmented<\/h2>\n