Ethereum reserves on Binance hit five-year low as ETH price falls
AI summary
Ethereum reserves held on Binance dropped to roughly 2.9 million ETH, a five-year low, according to CryptoQuant. The decline comes as ETH trades near $1,800 amid ETF outflows and heavy selling pressure. Traders watch exchange reserves as a supply signal, but here the drawdown coincides with weak price action, so the bullish read of coins leaving exchanges is being offset by persistent outflows.
