Ethereum Exchange Reserves Hit Multi-Year Low Despite Price Decline
Key Facts
Ethereum reserves on centralized exchanges crashed to a new multi-year low on October 9, 2026. Coinpedia reported that the ETH price plunged by more than 7% over the past seven days despite a surge in exchange withdrawals.
Binance recorded more than 320,000 ETH withdrawal transactions in a single day on October 6, 2026, bringing its reserves down to 3.47 million ETH, the lowest level in six months. This decline suggests investors may be moving assets toward long-term self-custody or staking even as the broader altcoin market lost over $110 billion in market capitalization.
Latest Updates · 5
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Update: Ethereum spot ETFs recorded their highest weekly outflows since January, as the ETH token traded at $2,491 on October 10, 2026. This institutional selling pressure via regulated funds contrasts with the continued decline of available supply on spot exchanges.
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Update: ETH was trading at $2,492.63 on October 10, 2026. The asset faces strong selling pressure as it remains positioned below its key 7, 20, and 50-day moving averages.
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Update: U.S. spot Ethereum ETFs recorded $56.1 million in net outflows on October 9, 2026. This data extends the streak of negative net flows to nine consecutive trading days, highlighting a divergence in institutional sentiment toward the asset.
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Update: Data tracked the movement of 2,903 ETH, valued at approximately $7.22 million, into Coinbase on October 10, 2026. These inflows originated from three wallets that had been dormant for over nine years, representing a counter-move to the broader trend of exchange outflows.
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Update: Ethereum's net supply increased by 778,412.846 ETH through October 9, 2026. Data shows that fee burns offset only 2.1% of new issuance, indicating inflationary supply pressure despite the ongoing trend of exchange withdrawals.