1.15 Million Ethereum (ETH) Left Exchanges – And The Exodus Isn’t Slowing

Ethereum exchange balances have continued to decline, moving in the opposite direction to Bitcoin over the same three-week period.

ETH supply on trading platforms fell from around 7.70 million on June 2 to about 6.54 million on August 18, which puts roughly 1.15 million coins off exchanges, or around 15% over eleven weeks.

ETH Moving Out According to Santiment’s latest analysis, Bitcoin moved the other way, as its exchange balance rose about 1.8% from July 28 to August 18. Roughly 23,000 BTC was added back onto such platforms, while ETH balances fell about 2.2% over the same period.

Santiment noted that staking remains near record levels, while corporate treasuries continue adding the altcoin. BitMine Immersion Technologies alone holds close to 5% of the supply, with most of it staked.