# Ether Correction Deepens as Binance Reserves Hit Six-Month Low

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28794
Published: 2026-10-09T07:49:53.000Z
Updated: 2026-10-09T07:49:53.000Z
Section: Investing

> Ether has lost 10% in three days as Binance reserves fell to 3.47 million ETH and U.S.-listed spot Ether ETFs posted eight straight days of outflows.

Ether (ETH) has fallen 10% in three days, losing more than $38 billion in market value as a broader crypto correction erased over $110 billion from altcoin market capitalization.

The decline brought Ether back to roughly its price level from a month ago. At the same time, Binance’s Ether reserves dropped from 3.57 million ETH to 3.47 million ETH, their lowest level in six months.

Binance held about 3.92 million ETH in August, putting the decline at nearly 11.5%. The exchange also recorded more than 320,000 ETH withdrawal transactions on Oct. 6, a record high.

The movement suggests some holders may be transferring ETH to private wallets instead of keeping it on an exchange. Others may be putting their holdings to work while waiting for another opportunity to sell.

U.S.-listed spot Ether exchange-traded funds recorded eight consecutive days of outflows. Nearly $580 million has left the funds so far in October, indicating that demand for the products has weakened in recent days.