Ethereum earthquake: Crypto exchanges lose 6 billion in ETH

INFBusiness
15.09.2025
News

As the Ethereum price approaches the $5,000 mark, ETH holdings on crypto exchanges continue to decline. On-chain data from CryptoQuant shows that investors withdrew approximately $6.2 billion worth of ETH last month.
Over a longer period, the scarcity of supply becomes even more apparent: Since the beginning of the year, the Ethereum holdings on exchanges have declined from 20.04 million to 17.18 million ETH – the last time this low was in 2016.
This means that only 14.2 percent of all Ether in circulation is held by Binance, Coinbase, Bitpanda, and others. At first glance, it seems that more and more investors are opting for self-custody, true to the motto: “Not your keys, not your coins!”
However, in addition to private investors, Ethereum spot ETFs and treasury firms have certainly also contributed to the dynamic development. After a record summer, Ether index funds raised another $638 million in the current trading week.
At the same time, Ethereum strategy firms are acquiring more and more coins for their own balance sheets. With 2.1 million ETH, valued at $9.6 billion, Tom Lee's Bitmine takes first place. When it comes to crypto treasuries overall, the former BTC miner takes second place, just behind Michael Saylor's Strategy.
Declining Ethereum stocks on exchanges are traditionally considered a bullish sign. If supply declines and demand remains stable or even increases, there is strong evidence that the ETH price will continue to rise in the medium to long term.
According to crypto billionaire Arthur Hayes, the potential is far from exhausted. He expects Ethereum to rise to $10,000 to $20,000 “this cycle.” However, he has a warning for inexperienced investors.

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