ETH Exchange Balances Decrease by 1.4 Million, BTC Balances Increase

Since June 3, the ETH exchange balance has decreased from approximately 7.69 million to about 6.28 million, a reduction of around 1.4 million, representing a decline of about 18%. Since August 19, approximately 275,000 ETH have flowed out of exchanges, bringing the current balance to its lowest level during this statistical period. Meanwhile, the BTC exchange balance has increased by about 0.25%, currently nearing recent highs. Despite the ETH price rising by about 27% since August 16, the decline in ETH exchange balances has not stopped, with a significant amount of ETH continuing to flow out of exchanges.

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