ETH Withdrawals Hit Record Levels as Investors Go Long

[ed]

Ethereum (ETH) has been trading around $2,000 since the start of the year, and investors are showing growing confidence by moving their holdings off exchanges. February saw a record 31.6 million ETH withdrawn from platforms like Binance, OKX, and Kraken, with Binance alone accounting for nearly half of the total outflows. This trend reflects a strategic shift toward long-term holding and private wallets.

Market analysts suggest these moves indicate that investors expect Ethereum to rise over the medium- to long-term. Despite being 60% below last year’s peak, ETH holders appear undeterred by price fluctuations, with exchange reserves falling to historic lows and showing a strong accumulation sentiment.

[cryptohog]

31.6M ETH leaving exchanges… hodlers out here treating wallets like Fort Knox