Ethereum exchange supply is showing a notable two-stage decline, falling from 3.56% to 3.20% since late October.
Here’s how it unfolded:
• October 29: The initial drop partly aligned with the Binance security incident.
• November 1–2: A much larger outflow followed, with 313K $ETH leaving exchanges shortly after withdrawals resumed.
Whale Activity: Major exchange addresses have seen their holdings decline by roughly 297K $ETH .
Where did all that ETH go? Cold storage or other trading platforms? The destination remains unclear, but this shift in exchange balances is definitely worth watching. 👀
Here’s how it unfolded:
• October 29: The initial drop partly aligned with the Binance security incident.
• November 1–2: A much larger outflow followed, with 313K $ETH leaving exchanges shortly after withdrawals resumed.
Whale Activity: Major exchange addresses have seen their holdings decline by roughly 297K $ETH .
Where did all that ETH go? Cold storage or other trading platforms? The destination remains unclear, but this shift in exchange balances is definitely worth watching. 👀
