Binance Records Over 3 Million ETH Outflows Since May Amid Institutional Accumulation

Since early May, Binance has experienced a significant exodus of capital, with over 3 million ETH withdrawn from the exchange, according to data highlighted by CryptoQuant analyst Arabchain. This movement represents one of the most substantial Ether withdrawal waves in recent history, with daily outflows reportedly peaking at over 500,000 ETH during the height of the activity. Market analysts suggest that these sustained outflows likely indicate a shift toward long-term accumulation by large-scale investors and institutional entities rather than retail sell-offs. This trend occurred while Ethereum maintained a relatively stable price floor around the $2,300 level. The massive reduction in exchange reserves often precedes supply-side liquidity crunches, reflecting a growing preference for self-custody or decentralized staking among major market participants.

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