# Binance Ethereum reserve depletion

> Developing situation record from CLSTR: https://clstr.news/situations/binance-ethereum-reserve-depletion
> Updated: 2026-10-09T11:22:10.000Z. Sources: 6. Developments: 2.

Ethereum reserves on the Binance exchange have experienced a continuous decline. In mid-September 2026, reserves reached a three-month low of approximately 3.74 million ETH, a trend linked to a broader multi-year low in total exchange-held tokens and high staking participation.

By early October 2026, the decline accelerated, with Binance reserves falling to a six-month low of approximately 3.47 million ETH. This drop followed an 11.5% decrease from August levels. The reduction coincided with record-high daily withdrawal activity, including over 320,000 ETH withdrawal transactions on October 6. While some users moved assets to self-custody, US-listed spot Ethereum ETFs simultaneously recorded eight consecutive days of outflows totaling roughly $580 million.

## Timeline

### 2026-10-09: Binance Ethereum reserves hit six-month low amid record withdrawals

Binance Ethereum reserves have hit a six-month low amid record-breaking daily withdrawal transactions, even as US-listed spot ETH ETFs experience significant outflows.

3 sources. https://clstr.news/cluster/binance-ethereum-reserves-hit-six-month-low-amid-record-withdrawals

### 2026-09-12: Binance Ethereum reserves hit three-month low

Ethereum reserves on Binance have hit a three-month low, coinciding with record staking levels and a broader multi-year decline in exchange-held supply.

3 sources. https://clstr.news/cluster/binance-ethereum-reserves-hit-three-month-low

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Cite as: Binance Ethereum reserve depletion. CLSTR, https://clstr.news/situations/binance-ethereum-reserve-depletion