Binance, the world’s 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, Binance saw $1.23 billion in net outflows during the week beginning June 29, a 207% increase from roughly $400 million the week prior, while monthly net outflows totaled about $3.2 billion.
Separately, CryptoQuant community analyst Darkfost reported Friday that Binance’s Ethereum withdrawal transactions hit their highest level in more than three years, with over 166,000 withdrawal transactions in a single day.
While some of the movement may reflect accumulation behaviour, Darkfost pointed to regulatory uncertainty stemming from the European Union’s Markets in Crypto-Assets Regulation (MiCA) and short-term market positioning as possible drivers.
Binance’s 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.
Binance ETH withdrawing transactions hit a 3-year high
“Binance logged more than 166,000 withdrawal transactions in a single day, a level not seen in over 3 years.” – By @Darkfost_Coc
Full analysis ⤵️https://t.co/OYO4Id7bKZ pic.twitter.com/VawmvJd1Km
— CryptoQuant.com (@cryptoquant_com) July 3, 2026
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