Binance sees net outflows of $1.23 billion in a week, ETH withdrawal transactions hit a three-year high

According to DefiLlama data, Binance saw net outflows of $1.23 billion in the week starting June 29, a 207% increase from approximately $400 million the previous week, with total monthly net outflows reaching about $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 about 12.5% over the past seven days, trading at $1,766 at press time; BTC rose 4.3% during the same period, trading at $62,925 at press time.

DefiLlama data shows that Bitfinex recorded outflows of $407.5 million over the past week, Gate outflows of $214.3 million, OKX outflows of $87.1 million, and Bybit outflows of $78.4 million; Crypto.com and HashKey Exchange saw 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).