TREE NEWS reports: CryptoQuant analyst Darkfost said average monthly ETH withdrawal transactions on Binance have topped 90,000, the highest since 2023 and double the level at the start of the year. The data comes as ether rose more than 75% over the past three months, from about $1,510 to $2,650. Coins leaving exchanges typically move into private custody, a pattern consistent with medium- to long-term accumulation.
Binance ETH Withdrawal Transactions Hit 90,000 Monthly, Highest Since 2023
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AI take
The signal here is behavioural rather than directional: withdrawal activity is being driven by the same cohort that tends to sit through volatility, which is why the metric is worth separating from trading volume. It matters most for exchange liquidity and for anyone tracking custody shifts, since coins moving to private wallets reduce immediately available supply. Whether the trend persists if ether's recent run cools is the open question, and the analyst's framing of medium- to long-term accumulation is an interpretation of on-chain flow, not a confirmed intent.
Generated by AI for reference only.
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