Binance sees $1.23 billion in weekly outflows as Ethereum withdrawals hit a 3-year high
first published 2026-07-05T08:33:39Z
Binance recorded $1.23 billion in net outflows for the week starting June 29, up 207% from the prior week. Ethereum withdrawal activity on the exchange reached its highest level in more than three years. Analysts pointed to possible accumulation behavior, regulatory uncertainty around MiCA, and short-term positioning as potential drivers. Ether and Bitcoin both rose over the week, and several other major centralized exchanges also saw net outflows.
AI Analysis
The article reports a sharp rise in exchange outflows and record ETH withdrawals, which can affect near-term trading flows. It also notes ETH and BTC price gains over the week, but the drivers are described as possible factors rather than confirmed catalysts.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
