Ethereum Supply on Exchanges Hits a Decade Low: Is ETH Preparing for a Major Move?

Published: 3 November 2026

ETH positioning note dated 3 November 2026. Figures below are restated from the source report; this brief does not invent flow totals.

What the flow report says

• The world’s second-largest crypto asset by market cap has had a rough couple of weeks. But its exchange reserves have dropped to around 14.5 million ETH as of November 2, levels last seen in 2016. That’s a sharp decline from the 2020 peak of roughly 35 million, meani…

What the figures mean

Independent check on the printed figures (8217, 14.5 million, 2, 2016): confirm the unit, the session or as-of timestamp, and whether the number is a flow, a price, a rate, or a count before treating the headline as a directional call for ETH. This page restates source figures; it does not invent a second dataset.

Why it matters

The item is included because it is substantively about ETH (institutions, policy, flows, security, or network use), not a passing mention.

What to watch

Treat flow and positioning prints as time-stamped. Confirm units (USD vs coins) and the session window before acting on the headline.