CoinScoopBinance ETH Withdrawals Hit 2023 High, Signaling Accumulation Trend
CryptoQuant analyst Darkfost reported that monthly average ETH withdrawals from Binance have exceeded 90,000 transactions, the highest level since 2023 and double the volume seen at the start of the year. This trend suggests that investors are moving ETH into private custody for long-term holding, supporting Ethereum's recent price performance which has outpaced Bitcoin.
Summaries are written by AI from the original article. Not investment advice.