Binance net outflows surge to $1.2 billion as Ethereum exits hit 3-year peak

The world's largest crypto exchange just felt a massive chill as users yanked $1.23 billion off the platform in a single week. That's a 207% jump in net outflows compared to the previous seven days, signaling a sudden shift in trader confidence or perhaps a flight to self-custody. Ethereum led the charge into the exits, with ETH withdrawals spiking to levels not seen in three years. While Binance has weathered heavy storms before, the triple-digit percentage increase suggests the recent market jitters are hitting their books harder than usual. It's a stark reminder that liquidity can vanish as fast as it arrives when the narrative shifts. Whether this is a temporary blip or the start of a longer trend depends on how many more whales decide to pull their tokens into cold storage. Will the exchange's reserves stay deep enough to satisfy the sudden rush for the door?