Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion

Santiment reported on Oct. 23 that about 169,770 ETH, or ether, left centralized exchanges on a net basis in a single day. That was the largest daily withdrawal in more than four months. At a $2,400 reference price, the withdrawn ether was worth roughly $407 million. The last larger daily episode occurred on June 5, when about 223,800 ETH left exchanges near what Santiment described as a local buying opportunity.