{"id":14882,"date":"2026-10-24T14:07:50","date_gmt":"2026-10-24T14:07:50","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14882"},"modified":"2026-10-24T14:07:50","modified_gmt":"2026-10-24T14:07:50","slug":"ethereum-sees-biggest-exchange-withdrawal-in-four-months-as-october-etf-losses-top-1-billion","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14882","title":{"rendered":"Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>About 169,770 ETH left centralized exchanges on net in one day, Santiment reported Oct. 23, the largest daily withdrawal in more than four months and worth about $407 million at the $2,400 reference price.<\/p>\n<p>The last bigger episode came June 5, when roughly 223,800 ETH left exchanges near what Santiment calls a local buying opportunity.<\/p>\n<p>The supply reading arrives as US spot Ethereum ETFs sit on more than $1 billion of net withdrawals through Oct. 22, and 27% of major altcoins have beaten Bitcoin over seven days.<\/p>\n<p>Exchange balances proxy for the coins immediately available for sale on centralized venues, and a large net withdrawal can reduce that inventory.<\/p>\n<p>The June 5 reading was about 32% larger than October&#8217;s, and a single precedent gives a hypothesis in place of a trading rule. Coins that leave exchanges can go to self-custody, staking or institutional custody, and the data leaves their owners and motives unidentified.<\/p>\n<h2>Ethereum ETF demand moves the other way<\/h2>\n<p>Farside Investors\u2019 daily data shows US spot Ethereum ETFs had more than $1 billion in net outflows from Oct. 1 to Oct. 22, with 14 of 16 sessions negative. The table showed a preliminary $4 million inflow for Oct. 23, with one fund\u2019s figure still unavailable.<\/p>\n<p>Oct. 13, at $25 million, and Oct. 21, at $15 million, were the exceptions, and the Oct. 21 inflow gave way to a $111 million outflow the next day.<\/p>\n<p>Santiment tracks coins moving between monitored exchange addresses and other destinations, and Farside tracks net money entering and leaving regulated funds, with different units and time frames.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter cs-newsletter-brand\" data-newsletter-edition=\"catalyst\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\">\n<div class=\"cs-inline-newsletter__editorial\">\n<p class=\"cs-inline-newsletter__eyebrow\">The Catalyst<\/p>\n<p class=\"cs-newsletter-frequency\">Daily Newsletter<\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">Know what\u2019s moving crypto.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start with the stories that matter. Get the context behind the headlines and a clear view of what to watch next.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__art\" aria-hidden=\"true\"> <img loading=\"lazy\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<h2>Whale longs and narrowing altcoin breadth<\/h2>\n<p>Alpha Finance\u2019s Oct. 23 tracker finds 60% of eligible major altcoins outperforming Bitcoin over 90 days and 27% over seven days. The index calls altcoin season at 75% or more over 90 days, and 60% sits below that line.<\/p>\n<p>An ETH-specific rebound can coexist with weakness across smaller tokens. ETH\/BTC and the seven-day breadth reading would distinguish that from a broad altcoin rotation.<\/p>\n<p>In an Oct. 17 post, trader 0xsweep said whales were \u201cbuilding ETH longs like there&#8217;s no tomorrow.\u201d<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">XRP\u2019s 13-week ETF inflow streak ends as Bitcoin and Ethereum withdrawals continue<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>The backdrop is a technology-led risk-off market. The Nasdaq Composite fell 2.6% to 26,009 on Oct. 22, its steepest drop since June, on worries about AI spending, while the Dow was roughly flat and the Russell 2000 edged up.<\/p>\n<p>The Fed raised its target range to 3.75% to 4% in September and meets Oct. 27 and 28. Treasury yields fell sharply on Oct. 22 as investors sought safety, so the same market carries inflation worries and flight-to-safety buying.<\/p>\n<h2>The levels Santiment is watching<\/h2>\n<p>Santiment treats $2,400 as the reference price, $2,500 as the level that would strengthen the rebound case, and about $2,330 as the level that would weaken it, all conditional technical references. From $2,400, $2,500 is 4.2% higher and $2,330 is 2.9% lower.<\/p>\n<p>If ETH holds above $2,500 while withdrawals continue, ETF flows turn positive for several sessions and seven-day altcoin breadth climbs back toward 50%, the supply signal would have demand behind it.<\/p>\n<p>If ETH slips below $2,330 as redemptions continue and seven-day breadth drops toward 25%, the withdrawal looks like an isolated supply event that failed to stop the decline. A hawkish Fed repricing or another energy spike would widen that path.<\/p>\n<\/div>\n<p>Analysis,Derivatives,Featured,Market#Ethereum #sees #biggest #exchange #withdrawal #months #October #ETF #losses #top #billion1792850870<\/p>\n","protected":false},"excerpt":{"rendered":"<p>About 169,770 ETH left centralized exchanges on net in one day, Santiment reported Oct. 23, the largest daily withdrawal in more than four months and worth about $407 million at the $2,400 reference price. The last bigger episode came June 5, when roughly 223,800 ETH left exchanges near what Santiment calls a local buying opportunity.<\/p>\n","protected":false},"author":1,"featured_media":14883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[298,277,231,31,89,653,1233,173,823,1107,3997],"class_list":["post-14882","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-biggest","tag-billion","tag-etf","tag-ethereum","tag-exchange","tag-losses","tag-months","tag-october","tag-sees","tag-top","tag-withdrawal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Ethereum&#039;s $407 million exchange withdrawal puts $2,400 in focus as traders assess whale positioning, ETF flows and fading altcoin momentum.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14882\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion\" \/>\n<meta property=\"og:description\" content=\"Ethereum&#039;s $407 million exchange withdrawal puts $2,400 in focus as traders assess whale positioning, ETF flows and fading altcoin momentum.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=14882\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-24T14:07:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/ethereum-etf-outflow-pressure.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14882\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=14882\",\"name\":\"Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14882#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14882#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/ethereum-etf-outflow-pressure.webp\",\"datePublished\":\"2026-10-24T14:07:50+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Ethereum&#039;s $407 million exchange withdrawal puts $2,400 in focus as traders assess whale positioning, ETF flows and fading altcoin momentum.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14882#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=14882\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14882#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/ethereum-etf-outflow-pressure.webp\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/ethereum-etf-outflow-pressure.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14882#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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