Ethereum Supply Tightens as $1.24 Billion in ETH Leaves Exchanges

A significant shift in Ethereum (ETH) reserves has been observed on major cryptocurrency exchanges. On July 24, 2026, 658,600 ETH worth approximately $1.24 billion left these platforms. According to CryptoQuant analyst Amr Taha, large outflows were recorded from Gemini and Bitfinex, while Binance's CEX reserves remained mostly stable.

This change has implications for crypto traders, DeFi liquidity, and token price dynamics. The tightening of Ethereum supply is also building bullish sentiment among investors. The $1.24 billion exit represents a substantial reduction in circulating ETH, which could influence market trends in the coming days.