Ethereum Exchange Supply Hits 1-Year Low as Whales Increase Holdings by 52%

• Ethereum’s supply on Binance has hit its lowest level in over a year, signaling a potential supply shock.
• This “exchange outflow” trend is driven by institutional and whale accumulation, with BitMine’s treasury hitting $12.5B.
• On-chain data shows a divergence: whales (10k-100k ETH) have increased holdings 52% since April, while retail has been selling.

Ethereum’s supply on exchanges has hit its lowest level in more than a year. This indicates that traders are moving their holdings off centralized platforms. CryptoQuant insights reveal the amount of ETH held on Binance, the world’s largest Ethereum exchange by volume, has been in a steady decline since mid-2025.

ETH Supply Shock Gathers as Exchange Reserves Hit 1-Year Low

After peaking in June and July, supply levels dropped sharply through November, reaching their lowest point since May of the previous year.…

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