Woofun AI reports that Binance experienced a dramatic surge in capital exodus, with weekly net outflows reaching $1.23 billion during the week beginning June 29. This movement coincided with Ethereum withdrawal transactions hitting their highest volume in over three years, signaling a significant shift in market behavior driven by regulatory concerns under the Markets in Crypto-Assets (MiCA) framework.

The scale of the capital flight represents a 207% increase from the roughly $400 million recorded the previous week. Over the broader monthly timeframe, net outflows from the exchange accumulated to approximately $3.2 billion, marking a sustained trend of users moving assets off the platform rather than engaging in active trading cycles.

On Friday, blockchain analytics platform CryptoQuant noted that Ethereum withdrawal transactions on Binance peaked at over 166,000 in a single day. This figure represents the sharpest increase in withdrawal activity since March 2023, occurring alongside a modest 10% rebound in Ether prices over a two-day period.

Woofun AI on-chain data shows these movements align with investor sentiment around the $1,500 price level, where demand appears to be building for off-exchange storage.

Market performance extended beyond Ethereum, with Ether rising 12.5% over the past seven days to trade at $1,766. Bitcoin also gained 4.3% during the same window, settling at $62,925. While Binance led the outflow trend, other centralized exchanges followed suit; Bitfinex saw $407.5 million in outflows, followed by Gate at $214.3 million, OKX at $87.1 million, and Bybit at $78.4 million. Conversely, Crypto.com and HashKey Exchange led inflows with $63 million and $53.3 million respectively, while KuCoin, Gemini, and Bitvavo recorded inflows of $22.1 million, $17.4 million, and $15.8 million.

The convergence of massive outflows and price stability suggests a strategic pivot from short-term trading to longer-term accumulation. As regulatory uncertainty persists, investors appear increasingly inclined to secure assets in self-custody, indicating a structural change in how capital is managed within the current market cycle.