Ethereum reserves on Binance fall to 4-month low
- —ETH reserves on Binance fell to ~3.54 million coins, a 4-month low
- —Reserves stood above 3.8 million ETH in early August and near 3.9 million in June-July
- —Santiment: only 3.49% of all ETH supply now sits on exchanges
- —About 35% of ETH is staked; ETH traded near $2,687 at the time of analysis
Why it matters: Shrinking exchange reserves reduce the ETH supply available for immediate selling, though the trend alone does not dictate price direction.
Source: BeInCrypto RU