CryptoQuant: Over 500,000 ETH ($2.1B) Withdrawn From Exchanges in Past Week

COINOTAG News reported on September 3 that, according to CryptoQuant on‑chain metrics, more than 500,000 ETH exited centralized cryptocurrency exchanges over the prior week, representing roughly $2.1 billion in notional value. This figure reflects net outflows aggregated across major exchange custody addresses and is drawn from observable blockchain transfer data.

The magnitude of these Ethereum exchange outflows denotes a substantive reduction in on‑exchange reserves, materially altering the distribution of liquid supply held on custodial platforms. Market participants monitor such movements as a key liquidity and supply‑side indicator when assessing order book depth and execution risk.

As an empirical data point, the CryptoQuant release adds to ongoing scrutiny of ETH on‑chain flows and reserve trends; traders and analysts typically incorporate these statistics into models for position sizing and risk management rather than as definitive market forecasts.