CryptoQuant: Binance's Ethereum Reserves Fall to Their Lowest Level Since 2021
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5 Articles
ETH's estimated reserves in Binance fell to about 2.9 million, the lowest level in almost five years, while the price of Ethereum was falling back and the U.S. spot ETFs were recording net outflows.
Binance's tracked Ethereum (ETH) reserves have fallen to approximately 2.9 million ETH, the lowest level since 2021. This 42% decrease was accelerated by coin outflows following the October 29th attack.
Ethereum Price Near $1,800 as Whales Add Longs and Reserves Drop
TLDR: Ethereum price hovered near $1,800 as Binance ETH futures marked $1,834.82 at 09:16 UTC on November 15, down 3.6% over 24 hours. Analyst CW says whales increased their long positions as retail traders faced liquidations, with the positioning gap exceeding 0.6 on November 13. CryptoQuant analyst Darkfost estimates Binance holds 2.9 million ETH, down [...]
ChainCatcher reports that CryptoQuant analyst Darkfost points out that Binance's Ethereum reserves have fallen to their lowest level since 2021. Currently, Binance holds approximately 2.9 million ETH, a near five-year low. This significant drop in reserves suggests that as the price of ETH continues to decline, many investors may be accumulating ETH at lower prices and transferring assets out of exchanges for self-custody or participation in yie…
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