Analysts Say Binance ETH Withdrawals Hit Highest Level Since 2023, Flag Bullish Signal
Key Highlights Binance Ethereum withdrawals hit a three-year high, with monthly averages exceeding 90,000 transactions—roughly double the rate seen at the start of 2024. CryptoQuant analyst Darkfost links the surge to investors moving ETH into self-custody wallets, signaling a shift toward longer-term holding strategies rather than active exchange trading. While exchange outflows suggest growing preference ...