Ethereum fell 10% over the past three days, erasing more than $38 billion from its market cap as part of a broader correction that removed over $110 billion from the total altcoin market. Yet ETH reserves on Binance have dropped to their lowest level in six months, falling from 3.57 million to 3.47 million units, a nearly 11.5% decline since August. On October 6 alone, a record 320,000 ETH was withdrawn in a single day, suggesting many investors are moving their holdings to private wallets. U.S.-listed spot Ethereum ETFs are also experiencing outflows, with eight consecutive days of negative flows totaling nearly $580 million this month.
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