Ethereum Inflows to Binance Hit Highest Level Since July

Centralized exchanges reported a 129,100 ETH net outflow in 24 hours, led by significant withdrawals from Binance, Bybit, and OKX, signaling reduced on-exchange supply.

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Summary

According to Coinglass, centralized exchanges saw a total net outflow of 129,100 ETH in the past 24 hours. Binance accounted for the largest portion with 123,200 ETH withdrawn, followed by Bybit with 5,590.38 ETH and OKX with 1,954.38 ETH. Gate recorded the largest inflow at 5,737.51 ETH. The data suggests a decrease in Ethereum supply on exchanges, which may influence market liquidity and price behavior.

Terms & Concepts
  • Net outflow: The total amount of cryptocurrency withdrawn from an exchange minus the amount deposited in a given period.
  • ETH: Ticker symbol for Ethereum, a blockchain network known for enabling smart contracts (self-executing blockchain code).