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658,600 ETH Worth $1.24B Leaves Exchanges as Ethereum Supply Tightens and Bullish Sentiment Builds
Jul 24, 2026
< 1 min read
by Abdulkarim Abdulwahab
for The Crypto Basic
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On July 24, 2026, 658,600 ETH (about $1.24 billion) left major exchanges, tightening Ethereum supply and boosting bullish sentiment. CryptoQuant analyst Amr Taha highlighted large outflows from Gemini and Bitfinex while Binance's CEX reserves remained mostly stable, a shift with implications for crypto traders, DeFi liquidity and token price dynamics.
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Ethereum (ETH) reserves are moving in different directions across major cryptocurrency exchanges. Gemini and Bitfinex have recorded significant outflows, while Binance's holdings have remained mostly stable, according to CryptoQuant analyst Amr Taha.
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