Binance's ETH reserves fall to a six-month low, with the number of daily withdrawal transactions hitting an all-time high.

CryptoQuant analyst Darkfost noted in a post that despite the crypto market entering a short-term correction recently, Ethereum’s price has fallen roughly 11% and its market capitalization has shrunk by over $38 billion, investors are still steadily withdrawing ETH from trading platforms. Data shows that Binance’s ETH reserves dropped from 3.57 million to 3.47 million over the past three days, hitting a near six-month low. Since August, Binance’s ETH reserves have declined by about 11.5% from 3.

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