Binance’s Ether (ETH) Reserves Fall to Lowest Level Since 2021

Binance held about 2.9 million Ether (ETH), its lowest reserve level since 2021. Its 30-day average net flows were mostly negative, indicating more ETH left than entered over that period.

In July 2025, Binance’s reserves topped 5 million ETH while Ether traded near $5,000. Since then, Ether’s price has fallen more than 63%, and the exchange’s reserves have declined nearly 42%.

The outflows may reflect investors accumulating ETH during the downturn and moving it to personal wallets or decentralized finance (DeFi) yield strategies. Withdrawals alone do not establish that investors are buying.

If reserves continue to fall, less ETH may be readily available for sale on exchanges. That could create more favorable supply and demand conditions if demand recovers.