Binance reported $1.23 billion in weekly net outflows, a 207% jump from the previous week's $600 million, according to market data. The surge coincided with Ethereum withdrawals climbing to their highest point since 2021.
The spike in departures from the exchange underscores ongoing liquidity patterns across centralized venues. Ethereum, ranked second by market capitalization, traded around $1766 at the time of reporting.
Withdrawal velocity from major exchanges often reflects shifts in trader behavior, though the underlying drivers—whether regulatory caution, yield-farming activity, self-custody preference, or institutional rebalancing—remain opaque from transaction data alone. Binance itself faces continued regulatory pressure across multiple jurisdictions, including enforcement actions in the US, though the exchange continues operations globally.