Ethereum Records 475,000 ETH Outflow From Major Exchanges Between June 4–7

According to CryptoQuant data, between June 4 and June 7, Ethereum saw synchronized outflows totaling approximately 475,000 ETH from four major exchanges. Binance reserves declined by 190,000 ETH, Bitfinex by 180,000 ETH, OKX by 84,000 ETH, and Gemini by 21,000 ETH during the three-day window.

The coordinated outflows occurred while ETH rebounded from a local low near $1,520 to reclaim the $1,650 level. The synchronized nature of the withdrawals across multiple venues suggests deliberate positioning rather than routine operations. Ethereum has since broken below the February support zone around $1,800–$1,900, invalidating a key structural floor established in Q1 and entering price territory unseen since that period.