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Ether drops 10% in three days, Binance ETH reserves hit six-month low amid crypto market sell-off

Market News
09 Oct 2026, 10:49 WIB
Tokenpost
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Bearish
Ether drops 10% in three days, Binance ETH reserves hit six-month low amid crypto market sell-off

Ether (ETH) has declined by 10% over three days, losing over $38 billion in market value as a wider crypto correction erased more than $110 billion from altcoin capitalization. This drop brought Ether's price back to levels seen a month ago. Concurrently, Binance's Ether reserves fell from 3.57 million to 3.47 million ETH, the lowest in six months, with a record 320,000 ETH withdrawals on October 6. The outflows suggest holders are moving ETH to private wallets or using it actively, while U.S.-listed spot Ether ETFs have seen eight consecutive days of outflows totaling nearly $580 million in October, indicating weakening demand.

While Ether faces a sharp correction, Binance Coin (BNB) on Pluang trades at Rp13.296.278 as of Oct 09, 2026 15:01 WIB. BNB's market cap stands at Rp1.772,8 trillion with a 1-day change of -3.41%. Pluang users show a balanced sentiment with 59% buy orders and a typical hold time of 89 days, indicating steady interest despite broader crypto volatility.

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