Binance's ETH reserves drop to a six-month low, with single-day withdrawal transactions hitting a record high.

October 9th, CryptoQuant analyst Darkfost posted that despite the crypto market recently entering a short-term correction phase, with Ethereum's price dropping about 11% and its market capitalization shrinking by more than $38 billion, investors are still continuously withdrawing ETH from trading platforms.

Data shows that over the past three days, Binance's ETH reserves dropped from 3.57 million to 3.47 million, hitting a near six-month low. Since August, Binance's ETH reserves have fallen about 11.5% from 3.92 million. Meanwhile, the number of Binance ETH withdrawal transactions surpassed 320,000 on October 6th, setting a historic high.