ETH exchange balances down 1.41M since June 3; BTC holdings edge higher
AI Market Summary
Santiment data show ETH exchange balances have fallen ~18% since June (about 1.41M ETH), including sizable recent outflows even as ETH rallied, pushing balances to the lowest in the period. This suggests reduced immediately available spot supply and a preference for self-custody or longer-term holding. In contrast, BTC exchange balances have edged higher, indicating comparatively softer supply tightening for BTC.
Impact level
● Medium
Affected assets
ETH/USDT+3.29%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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Huoxing Finance cited Santiment Intelligence data showing that since June 3, total ETH held on exchanges has fallen from about 7.69 million to roughly 6.28 million, a decline of around 1.41 million ETH, or 18%. Since Aug. 19 alone, another 275,000 ETH have left exchanges, taking balances to the lowest level in the period covered.
Over the same timeframe, BTC balances on exchanges rose by about 0.25%, sitting near the upper end of their recent range. Santiment said the drawdown in exchange-held ETH has persisted even as prices climbed: since Aug. 16, ETH has gained roughly 27% while sizable amounts of ETH continued to be withdrawn from exchanges.
