Binance outflows triple to $1.2B as ETH withdrawals hit 3-year high
CoinTelegraph·
60-second summary
Binance is experiencing a significant surge in outflows, reaching $1.23 billion in weekly net outflows, a 207% increase from the previous week. This is accompanied by a three-year high in Ethereum withdrawals, indicating a substantial shift in investor behavior. The market is closely watching this trend, potentially impacting cryptocurrency prices and exchange stability.
Binance recorded $1.23 billion in weekly net outflows, up 207% from the previous week, as Ethereum withdrawals surged to a three-year high.