Ethereum Exchange Reserves Hit Multi-Year Low Despite Price Decline

Key Facts

1Ethereum reserves on centralized exchanges crashed to a new multi-year low on October 9, 2026.

2ETH price plunged by more than 7% over the past 7 days despite surging exchange withdrawals.

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.