Over the past week, cryptocurrency investors removed 330,000 Ethereum tokens from centralized exchanges. This withdrawal amounts to approximately $660 million in assets.
According to on-chain data from Santiment, shared by crypto analyst Ali Charts, these outflows occurred over seven days, ending on February 11, 2026.
Ethereum’s Price and Exchange Balances
Ethereum is currently trading below the $2,000 support level, with its price around $1,960 as of February 12.
Santiment’s data reveals a significant drop in Ethereum holdings on centralized exchanges. Balances fell from 8.34 million tokens on February 6 to 8.01 million by February 11. This represents a withdrawal of 330,000 ETH in just six days—a 3.95% reduction in exchange inventory.
The average price of Ethereum during this period was $2,000, making the outflow worth roughly $660 million. The decline in exchange balances suggests that investors are moving their tokens to private wallets or cold storage, signaling a shift in strategy.
What This Means for Investors
The reduction in exchange-held Ethereum indicates a growing preference for long-term holding over active trading. This trend reflects a cautious approach as investors move away from short-term speculation.
Market Context
At the start of February 2026, Ethereum was trading above $2,700. However, it has since dropped below the critical $2,000 psychological support level. This marks a sharp reversal from the highs seen in late January, with institutional products also reflecting the selling pressure.
