[DigitalToday reporter Chi-gyu Hwang (황치규)] Binance weekly net outflows jumped 207 percent from the previous week to $1.23 billion. Cointelegraph reported on July 5 that weekly net outflows for the week starting June 29 rose sharply from about $400 million the prior week, while monthly net outflows were tallied at about $3.2 billion.

Ethereum withdrawals were also the largest in more than three years. Darkfost, a CryptoQuant community analyst, said Ethereum withdrawal transactions on Binance topped 166,000 a day, the highest level in more than three years. That is the steepest increase in withdrawal transactions seen on Binance since March 2023.

Darkfost said some fund movements could be accumulation. He also pointed to uncertainty around the European Union's MiCA crypto regulation and short-term market positioning as factors behind the fund flows.

Ether prices rebounded in the same trend. Ether rose about 10 percent over two days and gained 12.5 percent over the past seven days to trade at $1,766 at the time of writing. Bitcoin also climbed 4.3 percent over the same period to $62,925.

Other centralized exchanges also saw net outflows. Bitfinex recorded net outflows of $407.5 million and Gate posted $214.3 million. OKX saw $87.1 million flow out and Bybit had $78.4 million leave.

By contrast, Crypto.com and HashKey Exchange recorded net inflows of about $63.0 million and $53.3 million, respectively. KuCoin posted net inflows of $22.1 million, Gemini had $17.4 million and Bitvavo logged $15.8 million.