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Ethereum sees major outflows from exchanges post-Binance hack, signaling liquidity shift not panic.

Market News
03 Nov 2026, 14:07 WIB
UToday
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Bearish
Ethereum sees major outflows from exchanges post-Binance hack, signaling liquidity shift not panic.

Following the October 29 Binance hack, Ethereum's supply on exchanges dropped from 3.56% to 3.20%, indicating a significant outflow of around 297,000 ETH. However, this decline appears to reflect a liquidity shift rather than panic selling, as some ETH moved to cold storage or other wallets. Ethereum's price remains bearish near $2,264, with key resistance at $2,300-$2,400. It's unclear if the missing ETH has left trading circulation or just moved elsewhere, so the supply drop is not yet a bullish signal.

Ethereum trades at Rp41.240.542 on Pluang as of Nov 03, 2026 19:21 WIB, down 0.75% in one day. Market interest remains strong with 63% of orders to buy and a typical hold time of 108 days. Despite the outflows reported, Ethereum's market cap stands at Rp5.016,37T, showing sustained investor engagement.

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