Binance Sees Massive Ethereum Whale Outflows: Demand Remains Strong

Ethereum has entered a consolidation phase after losing the $4,500 level, now trading within a tight range above $4,250. The recent pullback has increased uncertainty across the market, with investors weighing whether ETH will break lower or gather enough momentum to attempt another ￰0￱ this volatility, Ethereum continues to demonstrate strong underlying fundamentals, supported by consistent whale and institutional ￰1￱ Reading: Bitmine Adds Another $65.3M In Ethereum – Details According to top analyst Darkfost, whale activity on Ethereum remains elevated, with significant outflows recorded from Binance in recent ￰2￱ withdrawals highlight an important trend: whales are not selling but rather moving their ETH into decentralized finance ￰3￱ fact, several notable transactions were detected this morning, with large holders transferring ETH from Binance to Aave, deploying it for yield ￰4￱ ongoing accumulation and redeployment reflect a growing conviction among whales that Ethereum remains one of the most attractive assets in the ￰5￱ leveraging ETH in DeFi rather than offloading it, large players are signaling long-term confidence in Ethereum’s ￰6￱ the bullish trend quietly unfolds behind the scenes, the market’s consolidation may ultimately serve as a foundation for Ethereum’s next major ￰7￱ Outflows Underscore Ethereum Strength Ethereum whales have once again demonstrated their conviction with a series of large outflows from ￰8￱ just a few minutes, three massive transactions were recorded: the first totaling roughly 23,000 ETH, the second a much larger 64,000 ETH, and the final outflow an extraordinary 83,000 ETH.

Altogether, these movements represent nearly $750 million worth of Ethereum withdrawn from the exchange in a single burst of ￰9￱ outflows have had a measurable impact on Binance’s ￰10￱ this wave of withdrawals, the amount of ETH held on the exchange has fallen to 4.2 million ETH, highlighting a continued decline in centralized exchange balances. Historically, declining reserves have been viewed as a sign of strong demand, as coins are moved off exchanges and into long-term storage or deployed into decentralized finance platforms like Aave for ￰11￱ conviction displayed by whales in this instance sends a powerful signal to the ￰12￱ than reacting to short-term volatility, these large holders are positioning themselves for the long term, underscoring Ethereum’s resilience even during consolidation ￰13￱ activity also explains why ETH has been outperforming Bitcoin recently—whale demand continues to funnel into Ethereum while Bitcoin faces more muted accumulation ￰14￱ strength of these outflows reflects the growing institutional and whale appetite for ￰15￱ reserves shrinking and demand proving consistent, the market may be setting the stage for Ethereum’s next breakout once broader conditions ￰16￱ Reading: Bitcoin Market Base Turns Neutral-Bearish As Flows Stay Weak Testing Key Supports Amid Sideways Action Ethereum (ETH) is currently trading around $4,381, consolidating after a volatile period that has kept price action capped below the $4,500 resistance ￰17￱ chart shows ETH respecting the $4,300 area, with the 200-period SMA (red line) acting as a key structural ￰18￱ long as this level holds, Ethereum avoids a deeper ￰19￱ moving averages provide insight into ￰20￱ 50 SMA (blue line) is converging with the 100 SMA (green line), reflecting sideways market conditions and a lack of clear ￰21￱ has repeatedly tested the $4,450–$4,500 resistance zone over the past two weeks but has failed to close decisively above it, highlighting seller ￰22￱ Reading: BNB Chain Surpasses 650M Unique Addresses – Binance Adoption Continues For bulls, reclaiming $4,500 would be a critical step to reestablish momentum toward $4,700 and $5,000.

On the downside, losing $4,300 could expose ETH to a retest of $4,200, with further weakness potentially dragging the price closer to $4,000. Featured image from Dall-E, chart from TradingView