Binance processed over 166,000 ETH withdrawals on July 1, the highest in three years. More than 3 million ETH have left the exchange since May.

Binance processed over 166,000 ETH withdrawals on July 1, the highest in three years. More than 3 million ETH have left the exchange since May.

Binance logged 166,000 ETH withdrawal transactions in a day, a 3-year high, as Riot Platforms moved 500 BTC worth $30.72M to NYDIG custody.

Binance posts $1.23 billion in weekly outflows, up 207% from about $400 million the previous week, while CryptoQuant reports ETH withdrawals hit a three-year high amid a price…