Binance's 7-day net flow turned heavy: DefiLlama showed $1.23B leaving the exchange in the week beginning June 29, up 207% from about $400M the prior week, with monthly net outflows near $3.2B. CryptoQuant's Darkfost read the ETH spike as possible accumulation around $1,500, with MiCA uncertainty and short-term positioning also in play; Binance logged over 166,000 ETH withdrawal transactions in one day, its highest count since March 2023.

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