Ethereum Withdrawals From Binance Hit 3-Year High as Price Rebounds

On July 3, reports confirmed Binance recorded a three-year high in Ethereum withdrawals on July 1, with 166,000 transactions processing more than 166,000 ETH in a single day. The surge follows over 3 million ETH leaving the exchange since early May, coinciding with MiCA rule implementation and a 10% price recovery that lifted ETH above $1,700. Analysts view the outflows as a bullish signal of self-custody accumulation near perceived lows, though ETH remains 67% below its August 2025 peak. The move could tighten exchange supply and amplify upside momentum if buying pressure persists.