Binance Dominates Ethereum Outflows as Whales Reposition Amid Market Shifts

Binance has captured a record 49% of Ethereum exchange outflows, signaling strategic moves by large holders despite Ethereum’s recent underperformance against Bitcoin. Analysts suggest accumulation patterns may be forming beneath the surface.

Ethereum Whales Flock to Binance as Exchange Captures Record 49% of ETH Outflows

Binance now dominates nearly half of all Ethereum exchange outflows, accounting for a record 49% share despite a broader decline in total ETH withdrawals from centralized platforms. The trend suggests strategic repositioning by large holders, even as Ethereum underperforms Bitcoin in recent price action.

Analysts detect potential accumulation patterns beneath the surface, with long-term chart formations and ETH/BTC comparisons hinting at an eventual bullish reversal. The concentration of whale activity on Binance underscores its growing influence in Ethereum’s liquidity landscape.

Ethereum Eyes $2,000 as Binance Supply Drops: Short Squeeze Incoming?

Ethereum continues its recovery phase, trading above $1,800 after a 15.3% gain over the past two weeks. Despite waning investor enthusiasm, ETH demonstrates resilience, buoyed by renewed buying interest and bullish on-chain signals.

Exchange supply metrics reveal a notable decline in Binance’s ETH holdings relative to circulating supply. Amr Taha of CryptoQuant highlights this trend as a potential indicator of reduced selling pressure, with the Exchange Supply Ratio hitting multi-month lows.