Ethereum Supply on Exchanges Hits a Decade Low: Is ETH Preparing for a Major Move?

Binance ETH reserves have dropped 37.1% from their 2025 peak. The world’s second-largest crypto asset by market cap has had a rough couple of weeks. But its exchange reserves have dropped to around 14.5 million ETH as of November 2, levels last seen in 2016. That’s a sharp decline from the 2020 peak of roughly 35 million, meaning about 20.5 million Ethereum, or 58.6%, has left tracked exchanges, according to CryptoQuant. Supply Shock? Binance is seeing a similar trend, as its reserves fell to 3.08 million ETH, approaching levels last recorded in late 2020. Compared with its 2025 peak of 4.9 million, the exchange has lost around 1.82 million, a 37.1% drop. Binance now holds approximately 21.2% of total exchange reserves, while the remaining 11.42 million ETH sits across other tracked platforms. The decline means there is considerably less ETH readily available for spot selling. Lower exchange reserves don’t guarantee a price increase, but they could ease selling pressure and create more favorable conditions for price appreciation if buying demand picks up. With fewer coins sitting on exchanges, renewed buying could also have a stronger impact on ETH’s price. Crypto Patel said that E...