Ethereum (ETH), Massive Withdrawals from Binance...After Recovering to $1,700, Will a Bull Run Begin?

▲ Ethereum (ETH) Whale/AI-generated image

Ethereum (ETH) withdrawals from Binance have surged to their highest level since 2023, bringing to the forefront accumulation movements by investors looking for a rebound after a sharp market decline.

According to crypto media outlet U.Today on July 3 (local time), Ethereum withdrawal transactions on Binance are re-testing their highest level in approximately three years. The outflow of assets from a major exchange is interpreted as a decrease in sell-side liquidity and a strengthening of investor willingness to hold, attracting market attention.

According to data from crypto analytics platform CryptoQuant, withdrawal activity exceeding 166,000 ETH occurred on Binance in a single day. This volume represents the strongest single-day withdrawal activity observed on Binance since March 2023.

The surge in withdrawals coincided with Ethereum's price hovering around the $1,500 mark. Some market participants likely viewed this price level as an attractive entry point and strengthened their holding strategy by moving Ethereum off exchanges.

Ethereum has experienced a long-term correction since its peak in early 2025, falling by approximately 67%. During the same period, it recorded a roughly 15% deeper decline than Bitcoin (BTC). However, it has recently rebounded by about 10% in the last 48 hours, rising above $1,700, which, coupled with the surge in Binance withdrawals, is fueling recovery expectations.

The increase in exchange withdrawals sends a more direct signal about changes in investor positions than short-term price fluctuations. The movement of over 166,000 ETH out of Binance indicates that Ethereum is re-emerging as a central asset in the market during its rebound phase after defending the $1,500 level.

[Key Article Summary]

-Over 166,000 ETH were withdrawn from Binance in a single day, marking the highest level since March 2023.

-The surge in withdrawals coincided with Ethereum hovering around $1,500 and was interpreted as investor accumulation.

-Ethereum, after falling approximately 67% from its early 2025 peak, has rebounded about 10% in the last 48 hours, rising above $1,700.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*