Binance Sees $1.2B in Weekly Outflows as ETH Exits Hit 3-Year High
Binance recorded $1.23B in net outflows last week, a 207% surge, as Ethereum withdrawals reached their highest level in three years.
Binance, the world's largest cryptocurrency exchange, suffered $1.23 billion in net outflows during a single week, a staggering 207% jump from the prior week, as Ethereum withdrawals climbed to their highest point in three years, according to new data reported by Cointelegraph.
The dramatic acceleration in outflows signals a meaningful shift in user behavior on the platform. A tripling of weekly net outflows in such a compressed timeframe suggests either a surge in risk-off sentiment among large holders or growing preference for self-custody — a trend that has periodically followed periods of market uncertainty or exchange-related concerns in the crypto industry.
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Ethereum's outsized role in the withdrawal activity is particularly notable. Reaching a three-year high in ETH exits points to movement among sophisticated or long-term holders who may be repositioning assets off centralized platforms, whether into cold storage, decentralized finance protocols, or rival venues. Such flows are closely watched by market analysts as a leading indicator of broader sentiment shifts across digital asset markets.
The scale of the outflow episode places it among the more significant liquidity events Binance has faced in recent memory. While exchanges routinely experience fluctuating inflows and outflows, a 207% weekly spike commands attention from regulators, competitors, and retail participants alike, as it can influence liquidity depth and, in turn, trading conditions across the broader crypto ecosystem.
Continue reading at Cointelegraph.
