{"id":74895,"date":"2026-07-03T13:06:38","date_gmt":"2026-07-03T13:06:38","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-eth-withdrawals-hit-3-year-high-as-riot-stages-another-500-btc-for-possible-sale\/"},"modified":"2026-07-03T13:06:38","modified_gmt":"2026-07-03T13:06:38","slug":"binance-eth-withdrawals-hit-3-year-high-as-riot-stages-another-500-btc-for-possible-sale","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-eth-withdrawals-hit-3-year-high-as-riot-stages-another-500-btc-for-possible-sale\/","title":{"rendered":"Binance ETH Withdrawals Hit 3-Year High as Riot Stages Another 500 BTC for Possible Sale"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Binance logged 166,000-plus ETH withdrawal transactions in one day, a 3-year high, per CryptoQuant\u2019s Darkfost.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Riot Platforms moved 500 BTC ($30.72M) to NYDIG custody, echoing a pattern that preceded 2026 sales.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Binance\u2019s netflow stayed positive at 12,938 ETH, a caution sign analysts say keeps selling risk on the table.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>A Record Day for Ether Withdrawals<\/h2>\n<p>Binance processed more than 166,000 ether withdrawal transactions in a single day, the highest count in over three years, per<a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/2072980165341401496\" target=\"_blank\" rel=\"noopener noreferrer\"> CryptoQuant analyst<\/a> Darkfost on July 3. The spike in activity arrived with ether ( <span>ETH<\/span>) trading near $1,725, as the asset attempts to stabilize after a bruising second quarter.<\/p>\n<p>Darkfost noted the withdrawal surge could indicate accumulation, with holders moving coins to self-custody, or funds rotating into <span>decentralized finance<\/span> ( <span>DeFi<\/span>) yield opportunities. A record transaction count driven by many smaller withdrawals would point to retail participants pulling coins off the exchange, historically read as a <span>bullish<\/span> supply signal.<\/p>\n<figure id=\"attachment_828166\" aria-describedby=\"caption-attachment-828166\" style=\"width:1280px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-828166\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>The picture, however, is not one-sided. Despite the record number of withdrawal transactions, Binance\u2019s exchange netflow remained positive at 12,938 <span>ETH<\/span> (i.e., more ether flowed onto the platform than left it).<\/p>\n<p>Fellow CryptoQuant analyst PelinayPA offered a more cautious reading, noting that positive netflow suggests \u201cselling risk because coins on exchanges are easier to sell.\u201d In other words, a crowd of small holders may be withdrawing while fewer, larger players position inventory to sell.<\/p>\n<p>Institutional demand offers some counterweight. U.S. spot ether exchange-traded funds (ETFs) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/2072905296234885353\" target=\"_blank\" rel=\"noopener noreferrer\">returned to net inflows<\/a> yesterday, adding $29.08 million, with Blackrock\u2019s ETHA accounting for $29.74 million (flows that helped ether defend the $1,700 support zone). <span>Bitcoin.com<\/span> News has tracked similar offloading moves, including an a16z-linked wallet <a href=\"https:\/\/news.bitcoin.com\/a16z-eth-withdrawal-binance-42-million-2026\/\">pulling 25,560 ETH<\/a> worth $42.6 million off Binance earlier this year.<\/p>\n<h2>Riot\u2019s Familiar Move Toward the Exit<\/h2>\n<p>While ether holders shuffled coins, the <span>bitcoin<\/span> side of the ledger produced its own signal. Riot Platforms Inc. (Nasdaq: RIOT), the second-largest <span>bitcoin miner<\/span>, transferred 500 <span>BTC<\/span> worth about $30.72 million to NYDIG custody.<\/p>\n<figure id=\"attachment_828164\" aria-describedby=\"caption-attachment-828164\" style=\"width:1280px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-828164\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/binance-eth-withdrawals-hit-3-year-high-as-riot-stages-another-500-btc-for-possible-sale2_nwmk.jpg\" alt=\"Tweet discussing Riot Platform's latest Bitcoin sale.\" width=\"1280\" height=\"861\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/binance-eth-withdrawals-hit-3-year-high-as-riot-stages-another-500-btc-for-possible-sale2_nwmk-300x202.jpg 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/binance-eth-withdrawals-hit-3-year-high-as-riot-stages-another-500-btc-for-possible-sale2_nwmk-768x516.jpg 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/binance-eth-withdrawals-hit-3-year-high-as-riot-stages-another-500-btc-for-possible-sale2_nwmk.jpg 913w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\"\/><figcaption id=\"caption-attachment-828164\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>NYDIG deposits have repeatedly preceded Riot\u2019s onchain sale patterns this year, including a similar <a href=\"https:\/\/news.bitcoin.com\/bitcoin-miner-riot-platforms-offloads-another-500-btc-to-nydig-extending-sell-streak\/\">500 BTC move in April<\/a> when the coins were worth about $39 million.<\/p>\n<p>The company has been one of the year\u2019s most consistent miner-sellers with <span>Bitcoin.com<\/span> News reporting recently that Riot <a href=\"https:\/\/news.bitcoin.com\/riot-platforms-sells-3778-bitcoin-in-q1-2026-raising-289-5-million-for-data-center-expansion\/\">sold 3,778 BTC<\/a> in the first quarter, more than double the 1,473 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> it produced, generating $289.5 million in net proceeds at an average price of $76,626 per coin, cash earmarked largely for its data center expansion.<\/p>\n<p>The stack is thinning as a result, with Riot\u2019s holdings falling to 15,680 <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BTC<\/a> at the end of Q1, down 18% from 19,223 a year earlier, with 5,802 of those coins restricted. Notably, today\u2019s staging happened with <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> near $61,000, roughly $15,600 below Riot\u2019s Q1 average selling price, meaning any sale now would lock in far weaker economics than the miner captured earlier in the year.<\/p>\n<p>Taken together, the day\u2019s movements sketch a market still sorting out who wants exposure at these levels. Retail-scale ether holders appear to be taking coins into their own hands even as net supply on Binance grows, and a major public miner is once again staging <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> at the sale window rather than holding through the drawdown.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/binance-eth-withdrawals-riot-500-btc-nydig\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Binance logged 166,000-plus ETH withdrawal transactions in one day, a 3-year high, per CryptoQuant\u2019s Darkfost. Riot Platforms moved 500 BTC ($30.72M) to NYDIG custody, echoing a pattern that preceded 2026 sales. Binance\u2019s netflow stayed positive at 12,938 ETH, a caution sign analysts say keeps selling risk [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74895"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74895"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74896"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}