Binance’s Ethereum reserves dropped to 3.47 million ETH in early October 2026, their lowest level in six months, after falling 11.5% from the 3.92 million ETH held in August. On October 6 alone, more than 320,000 ETH withdrawal transactions were processed, setting a new all-time record. The asset shed approximately 10-11% of its value over three days, erasing over $38 billion from Ethereum’s market capitalization, while altcoins collectively lost more than $110 billion. US-listed spot ETH ETFs recorded eight consecutive days of outflows totaling around $580 million, signaling partial disengagement from institutional investors.
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