Binance Sees Massive Ethereum Outflows as Whales Accumulate for Long-Term Holding

Recent data highlights a significant trend of Ethereum (ETH) outflows from centralized exchanges, particularly Binance, signaling strong accumulation by large investors. Over $380 million worth of ETH was withdrawn last week, continuing a pattern that began in 2019. This movement suggests a bullish outlook as whales appear to be holding for the long term, with ETH’s price subsequently climbing above $1,750 following a netflow dip of $166 million on April 26.

380M Ethereum Out of Exchanges Signals Bullish Accumulation

Ethereum’s market dynamics show a striking divergence between exchange outflows and price action. Nearly $380 million worth of ETH exited centralized platforms last week, continuing a withdrawal trend that began in 2019. Binance recorded particularly heavy outflows in early 2025, with whale accumulation patterns suggesting long-term holding strategies.

The April 26 netflow dip of $166 million preceded ETH’s climb above $1,750, reinforcing the correlation between exchange liquidity and price movements. Bitcoin mirrors this trend, with both assets demonstrating sustained capital migration from trading venues to private wallets.

Binance’s CZ Breaks Silence on Prison Time, Cellmate Was a Double Murderer: ‘No One Cares’

Changpeng Zhao, the founder of Binance, has publicly discussed his prison experience following his guilty plea to charges related to money laundering and regulatory violations. The cryptocurrency mogul, known as CZ, was initially sentenced to three years but saw his term reduced to four months after legal arguments emphasized his lack of direct involvement in the wrongdoing.

In a candid interview with Farokh Radio, CZ revealed unsettling details about his incarceration, including sharing a cell with a convicted double murderer. His remarks—"No one cares"—underscore the stark reality of prison life. The case concluded with Binance agreeing to a historic $4.3 billion settlement with U.S. authorities.