Binance Records $1.23 Billion Weekly Net Outflow, ETH Withdrawal Transactions Hit Three-Year High

According to DefiLlama data, Binance recorded a net outflow of $1.23 billion in the week starting June 29, a 207% increase compared to approximately $400 million the previous week, bringing the total monthly net outflow to around $3.2 billion. CryptoQuant reports that Binance's daily ETH withdrawal transactions exceeded 166,000, the highest level in over three years. During the same period, ETH rose approximately 12.5% over the past seven days, trading at $1,766 at press time; BTC rose 4.3% over the same period, trading at $62,925 at press time.

DefiLlama data shows that Bitfinex saw an outflow of $407.5 million over the past week, Gate saw an outflow of $214.3 million, OKX saw an outflow of $87.1 million, and Bybit saw an outflow of $78.4 million; Crypto.com and HashKey Exchange recorded net inflows of approximately $63 million and $53.3 million, respectively, while KuCoin, Gemini, and Bitvavo recorded net inflows of $22.1 million, $17.4 million, and $15.8 million, respectively (Cointelegraph).