coin-img-ETHETH+3.41%coin-img-BTCBTC+3.17%coin-img-SOLSOL+11.87%coin-img-XRPXRP+6.86%coin-img-HYPEHYPE+5.25%coin-img-RIOARIOA+0.00%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+5.60%coin-img-ETHETH+3.41%coin-img-BTCBTC+3.17%coin-img-SOLSOL+11.87%coin-img-XRPXRP+6.86%coin-img-HYPEHYPE+5.25%coin-img-RIOARIOA+0.00%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+5.60%coin-img-ETHETH+3.41%coin-img-BTCBTC+3.17%coin-img-SOLSOL+11.87%coin-img-XRPXRP+6.86%coin-img-HYPEHYPE+5.25%coin-img-RIOARIOA+0.00%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+5.60%coin-img-ETHETH+3.41%coin-img-BTCBTC+3.17%coin-img-SOLSOL+11.87%coin-img-XRPXRP+6.86%coin-img-HYPEHYPE+5.25%coin-img-RIOARIOA+0.00%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE+5.60%

Santiment: ETH exchange balances slide 18% since June as BTC holdings tick up

AI Market Summary
Santiment data show ETH exchange balances fell ~18% since June 3 to the lowest level in the period, with continued net outflows even as ETH rose ~27% since Aug 16. This reduces readily available spot liquidity and can tighten order books. In contrast, BTC exchange balances rose ~0.25% to near recent highs, signaling comparatively higher on-exchange supply versus ETH.
Impact level
● Medium
Affected assets
ETH/USDT+3.44%
AI Insight · ETH/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
ChainCatcher reports that Santiment Intelligence data show Ethereum held on exchanges has fallen sharply since June 3, declining from about 7.69 million ETH to roughly 6.28 million ETH. The drop of around 1.41 million ETH represents an 18% reduction. Since Aug. 19 alone, another 275,000 ETH has moved off exchanges, pushing balances to the lowest level seen during the period covered by the report. Bitcoin tells a different story. Over the same timeframe, BTC exchange balances rose about 0.25% and now sit near recent highs. Santiment added that the drawdown in ETH exchange balances has continued even as prices climbed. Since Aug. 16, ETH is up roughly 27%, yet sizable outflows from exchanges have persisted.
ETH
ETH+2.95%
BTC
BTC+3.17%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.