Binance ETH Withdrawals Hit 166,000 in Single Day, 3-Year High; Riot Stages 500 BTC for Possible Sale

According to CryptoQuant analyst Darkfost, Binance processed 166,000-plus ETH withdrawals in one day on July 3, the highest transaction count in over three years, with ETH trading near $1,725.

Despite the record withdrawal transaction volume, Binance's exchange netflow remained positive at 12,938 ETH, indicating more ether flowed onto the platform than left it—a sign analysts interpret as selling risk. Meanwhile, Riot Platforms Inc. (Nasdaq: RIOT), the second-largest Bitcoin miner, transferred 500 BTC worth approximately $30.72 million to NYDIG custody, repeating a pattern that has preceded its sales throughout 2026. This move follows a similar 500 BTC transfer in April.