Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion
AI summary
Roughly 169,770 ETH left centralized exchanges on net in a single day, the largest daily withdrawal in over four months, worth about $407 million at a $2,400 reference price. Santiment flagged the move on Oct. 23, noting the prior larger episode on June 5 saw about 223,800 ETH leave exchanges near a local buying opportunity. Traders watch exchange outflows as a sign of coins moving to self-custody or staking, which can reduce immediate sell pressure even as October ETF losses topped $1 billion.
