CryptoMedium•9 October 2026•
1 min read
Ether Drops 10% as Binance Reserves Hit Six-Month Low and ETF Outflows Persist
Key Facts
1Ether has lost 10% of its value in three days amid a deepening price correction.
2Ether reserves on Binance fell to a six-month low of 3.47 million ETH.
3U.S.-listed spot Ether ETFs recorded eight consecutive days of net outflows.
Ether has lost 10% of its value over a three-day period amid a deepening price correction that erased more than $38 billion in market capitalization. TokenPost reported that Ether reserves on the Binance exchange fell to a six-month low of 3.47 million ETH, while the platform recorded a record high of over 320,000 withdrawal transactions on October 6, 2026.
The price decline occurred as U.S.-listed spot Ether ETFs recorded net outflows for the eighth consecutive day, with nearly $580 million leaving these funds so far in October 2026. The drop in Binance reserves from 3.57 million ETH suggests a shift in holder behavior, with investors potentially moving assets to private wallets as institutional demand signals continued weakness.