Over the past month, approximately 1.1 million BTC and 9.6 million ETH have flowed out of centralized exchanges — inflows not included in this data. But what stands out is where these assets are moving from:
➡️ Binance alone accounted for 49% of total ETH outflows — setting a new all-time high market share of Ethereum withdrawals.
➡️ Binance also represented 22% of BTC outflows from exchanges in the same period.
What makes this surge notable is that total BTC and ETH outflows across all exchanges have been trending lower in recent months, yet Binance’s share of ETH outflows continues to climb. This divergence suggests a concentration of withdrawal activity toward Binance — signaling that users are increasingly choosing Binance as an off-ramp for Ethereum, even as overall exchange withdrawals slow down.
🧠 Interpretation:
An increasing outflow share from a single exchange within a declining total outflow environment may imply unique user behavior — potentially institutional movements, custodian shifts, or strategic withdrawals that diverge from broader market trends.
👉 Caution: While large outflows are often seen as bullish (indicating self-custody and long-term holding), context matters: the combination of falling total outflows with Binance’s surging ETH outflow share may point to exchange-specific or market-preparatory moves rather than purely macro accumulation.
Written by Crazzyblockk
