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      Analyst: Monthly ETH withdrawal transactions on Binance exceed 90,000, hitting a new high since 2023

      PANews September 21 news, CryptoQuant analyst Darkfost stated that over the past three months, the price of Ethereum rose from about $1,510 to $2,650, a gain of more than 75%, and broke through the April high, outperforming Bitcoin, which has yet to firmly hold above its May high. The key factor driving this move is the accumulation of ETH on Binance. Monthly ETH withdrawal transactions on Binance have exceeded 90,000, hitting a new high since 2023, a figure that is double the level at the start of the year. When ETH flows out of platforms like Binance in this way, it usually means many investors are withdrawing it after buying and moving it into private custody solutions. This behavior pattern reflects an accumulation strategy aimed at medium- to long-term holding.


      Source: PANews
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