Full Story

according to Santiment Intelligence monitoring, since June 3rd, the balance on ETH exchanges has decreased from around 7.69 million ETH to around 6.28 million ETH, a reduction of about 1.4 million ETH, representing an 18% decrease.

Since August 19th, approximately 275,000 ETH has flowed out of exchanges, bringing the current balance to the lowest level during this period of analysis.

During the same period, the BTC exchange balance has increased by about 0.25%, currently approaching a recent high.

Santiment noted that the decrease in ETH exchange balances has not stopped despite the price increase.

While ETH's price has risen by about 27% since August 16th, a significant amount of ETH continues to flow out of exchanges.