1.15 Million Ethereum (ETH) Left Exchanges – And The Exodus Isn’t Slowing

ETH is breaking higher as investors pull coins from exchanges, ETFs attract fresh cash, and major buyers step into the market. Ethereum exchange balances have continued to decline, moving in the opposite direction to Bitcoin over the same three-week period. ETH supply on trading platforms fell from around 7.70 million on June 2 to about 6.54 million on August 18, which puts roughly 1.15 million coins off exchanges, or around 15% over eleven weeks. ETH Moving Out According to Santiment’s latest analysis, Bitcoin moved the other way, as its exchange balance rose about 1.8% from July 28 to August 18. Roughly 23,000 BTC was added back onto such platforms, while ETH balances fell about 2.2% over the same period. Santiment noted that staking remains near record levels, while corporate treasuries continue adding the altcoin. BitMine Immersion Technologies alone holds close to 5% of the supply, with most of it staked. The company’s treasury holdings grew to 5,815,164 tokens. Meanwhile, Ethereum has surged nearly 20% over the past day, pushing the price above $2,300 for the first time since May. This is being driven by a mix of stronger US crypto policy signals and heavy buying activity. Pr...