Binance Liquidity Shrinks as Large ETH Outflows Indicate Shift to Self-Custody

CryptoQuant data reveals a decline in exchange balances for Ethereum (ETH) as daily inflows reach nearly $900 million, approaching levels observed for Bitcoin. Binance has seen substantial withdrawals exceeding $1 billion in recent days, further tightening the available supply of ETH. 208,000 ETH departed Binance over two sessions on August 24th and another 90,000 ETH were removed on August 25th. This trend highlights a notable shift towards self-custody as institutional investors accumulate ETH holdings.