Binance, the largest Ethereum reserve holder among exchanges, revealed that ETH supply on the platform declined while prices remained remarkably stable. Between the second half of August and September 3, the Exchange Supply Ratio (ESR), which measures the proportion of ETH held on exchanges relative to total supply, fell sharply from 0.041 to below 0.037. This represents the largest drop observed in the period, occurring within just two weeks. Historically, declining ESR coupled with price consolidation has led to upward price movements, as reduced exchange liquidity limits the amount of ETH available for sale.
Source: Chayanika Deka
More posts by this author, 2025-09-06; https://cryptopotato.com/is-ethereum-about-to-break-out-binance-supply-plummets-while-prices-stay-strong/