Binance ETH average monthly withdrawal transactions surpassed 90000 transactions, rising to 2023 the highest level since MISSING_YEAR
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Analyst says Binance ETH average monthly withdrawal volume surpassed 90000 transactions, reaching 2023 a new high since MISSING_YEAR.
Article
Analyst: On the Binance platform ETH average monthly withdrawal transactions surpassed 90000 transactions, reaching 2023 a new high since MISSING_YEAR
PANews September 21 reported that CryptoQuant analyst Darkfost stated that over the past 3 months, the price of rose from approximately 1510 USD to 2650 USD, an increase of more than 75%, and broke through the April high, outperforming Bitcoin, which has not yet firmly reclaimed its May high. A key factor driving this move was the accumulation of ETH on the Binance platform. The average monthly withdrawal volume of ETH on Binance has surpassed 90000 transactions, reaching a new high since 2023 MISSING_YEAR, twice the level at the beginning of the year. When ETH flows out of platforms such as Binance in this manner, it usually means that many investors withdraw it after purchasing, transferring it to private custody solutions. This behavioral pattern reflects an accumulation strategy aimed at holding over the medium to long term.
CryptoQuant analyst Darkfost stated that over the past 3 months, the price of rose from approximately 1510 USD to 2650 USD, an increase of more than 75%。
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Darkfost stated that the price of broke through the April high, outperforming Bitcoin, which has not yet firmly reclaimed its May high.
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On the Binance platform,ETH average monthly withdrawal volume has surpassed 90000 transactions, twice the level at the beginning of the year, and reached a new high since 2023 MISSING_YEAR.
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Darkfost believes that a key factor driving this move was the accumulation of ETH on the Binance platform.
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The original article states that ETH flowing out of platforms such as Binance usually means that investors transfer it to private custody solutions after purchasing it, reflecting an accumulation strategy for medium- to long-term holding.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news report states that recently, the number of withdrawals of ETH from Binance has increased significantly. Analysts interpret this as investors buying ETH and then transferring it to private custody in preparation for holding it for a longer period, but this is an analytical judgment.
Why it matters to readers
Increased withdrawal activity may be viewed by market participants as a signal of stronger willingness to hold; meanwhile, the article links this phenomenon to ’s recent price performance.
Beginners should distinguish observable data from analysts’ interpretations: the increase in withdrawal transactions is data reported in the text, but whether the withdrawers intended to hold for the long term, and whether this behavior drove prices higher, cannot be confirmed solely from this material.
Risks and unknowns
The original text does not provide the statistical methodology, the complete time period, or a verifiable data source.
It cannot be confirmed that all withdrawal transactions represent buying followed by long-term holding; they may also have served other purposes.
“Accumulation driving price movements” is an analyst’s view; the original text does not provide sufficient evidence to confirm a causal relationship.
The original text only says “September 21”, and does not explicitly report the year.
The material does not explain whether “average monthly withdrawal transaction volume” refers to the number of transactions, the number of withdrawals, or another statistical measure.
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