CryptoOnchain2025-11-11

Strong Bullish Signal for ETH: Whale Outflows from Binance Overwhelm Inflows

Recent whale activity on Binance is painting a significant picture. While both Ethereum inflows and outflows from the top 10 transactions have seen a dramatic spike, the balance is heavily skewed towards withdrawals. Despite the Exchange Inflow (Top10) reaching a substantial 307K ETH, it is dwarfed by the massive Exchange Outflow (Top10) of 413K ETH. This outflow figure marks the highest level recorded since February, underscoring the significance of this event. This notable net difference of approximately 106K ETH clearly indicates that the net flow for large transactions is negative, signaling strong accumulation. Whales and large-scale investors are moving assets off the exchange into self-custody for long-term holding (HODLing), rather than positioning for a sale. Conclusion: This behavior, which reduces the sellable supply on the world’s largest exchange, is a classic bullish signal. It suggests that conviction among large holders is strong and could be setting the stage for a supply squeeze for Ethereum. The buying pressure from major players is clearly outweighing the selling pressure at this moment.