TL;DR
- Major Ethereum holders moved roughly 413,000 ETH, worth $1.4 billion, out of Binance, marking the largest single-day outflow since February.
- This action reduced Ethereum’s available supply on exchanges and indicates a long-term confidence in the asset.
- Analysts suggest the withdrawals may contribute to upward price pressure if demand remains strong.
Some of the largest Ethereum investors have transferred over 413,000 ETH, valued at approximately $1.4 billion, from Binance in the past 24 hours. This represents the largest single-day outflow since February and highlights a trend of whales prioritizing long-term storage over immediate market selling. Market analysts note that these movements may affect short-term liquidity on major platforms.
Ethereum Whales Signal Long-Term Confidence
Large-scale withdrawals from major exchanges are often interpreted as signs of confidence in the asset’s future performance. According to data from CryptoOnchain, while Binance saw inflows of 307,000 ETH in its top 10 transactions, these were outweighed by 413,000 ETH being moved to private wallets.
This net reduction in exchange-held Ethereum could tighten the available supply, creating conditions for potential price growth if demand continues. Analysts note that wallets holding between 10,000 and 100,000 ETH have grown by 7.6 million coins since mid-2025, while centralized exchanges hold the lowest ETH balances since 2016. These withdrawals also reduce the probability of large-scale sell-offs and signal that whales are accumulating Ethereum at strategically low price levels.
Market Trends and Exchange Activity
Even with strong accumulation by large holders, trading volumes remain elevated. Binance ETH trading surpassed $6 trillion in 2025, and derivatives markets are showing record open interest, indicating high speculative activity. This creates a volatile environment where price swings can be significant, while market depth in some smaller exchanges remains thin.
Technically, Ethereum faces resistance near $3,700. A sustained move above this level could open the way to $4,000, while a failure may test lower supports. Analysts suggest that if buying pressure from whales continues, it could stabilize the market and influence short-term sentiment. The recent withdrawals suggest large investors see the current price near $3,400 as a buying opportunity, aligning with anticipation of Ethereum’s Fusaka upgrade on December 3, which aims to improve efficiency and reduce network costs.
The $1.4 billion outflow from Binance underscores continued confidence among Ethereum whales. By reducing the coins available for trading, these actions may contribute to price stability and set the stage for potential upward movement in the coming months.
