Ether Exchange Supply Falls To 6-Year Low on Binance

Crypto analyst Arab Chain noted more than 31.6 million ETH left major exchanges in February, the largest monthly outflow since November. Binance led withdrawals with roughly 14.45 million ETH, about half of the total, while OKX saw about 3.83 million and Kraken close to 1.04 million.

Sustained withdrawals have trimmed the pool of coins available for spot trading as assets move to private wallets or staking platforms and become less liquid in the short term. Binance’s Ether reserves have fallen to around 3.46 million ETH, the lowest level since 2020, extending a downtrend that previously featured peaks above 5 million.

With ETH trading near $2,000, the contraction in exchange supply places added focus on demand. If buying pressure expands while reserves keep falling, available liquidity on order books could tighten further around the $2,000 level.

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