Binance ETH withdrawals hit 3-year high amid rebound

Binance saw 166,000+ ETH withdrawals in one day, a 3-year high, as Ethereum rebounded to $1,700 after a 67% drop. Analysts cite accumulation, DeFi migration, and regulatory concerns.

Binance recently recorded over 166,000 Ethereum (ETH) withdrawal transactions in a single day, marking the highest level in more than three years. This surge occurred as ETH traded near $1,500, following a significant correction of about 67% from its August 2025 peak—a decline deeper than Bitcoin’s over the same period. The spike in withdrawals has fueled speculation about increased long-term accumulation, migration to DeFi platforms, and concerns over new regulatory requirements such as MiCA. Analysts point out that while large outflows are often interpreted as signs of accumulation, the motivations may also include strategic repositioning and regulatory uncertainty. ETH rebounded nearly 10% over two days, trading around $1,700. Market observers are closely monitoring these developments as a potential signal of shifting investor sentiment.