Binance ETH reserves hit six-month low as withdrawals surge
Image: Crypto BriefingEthereum dropped roughly 10% over three days in early October 2026, erasing more than $38 billion from its market capitalization. Altcoins lost over $110 billion in combined market value in the same window. Binance's ETH reserves fell to 3.47 million ETH in early October, the lowest level in six months. On October 6, the exchange processed over 320,000 ETH withdrawal transactions, a single-day record. US-listed spot ETH ETFs saw nearly $580 million in outflows in October 2026.
Key points
- Altcoins lost more than $110 billion in combined market value in the same three-day period.
- Binance's ETH reserves fell to 3.47 million ETH in early October, the lowest level in six months.
- Binance processed over 320,000 ETH withdrawal transactions on October 6, a single-day record.
Why it matters
The divergence between exchange ETH withdrawals and US spot ETF outflows highlights differing sentiment among retail and institutional ETH holders in early October 2026. Record Binance withdrawals also signal growing user preference for self-custody of the asset.
Price context · ETH
At publication
$2,494.65
Now
$2,500.24
Change since
+0.22%
7 days · dashed line = publication
Sources · 2 publishers
Crypto Briefing
Tier 2
Binance ETH reserves hit six-month low as withdrawals surge
Coverage timeline
- First reported by CryptoPotato
- Confirmed by Crypto Briefing
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
