ETH Token Drops 3.76% Amid $82M Exchange Outflows as Whales Accumulate Ahead of Options Expiry

Ethereum (ETHUSDT) experienced a 3.76% price decline over the past 24 hours, with the price dropping from 2527.03 to 2432.11 on Binance. This decrease is primarily attributed to recent heavy net outflows from spot exchanges—over $82 million in the last 48 hours—indicating significant accumulation by large holders and whales moving ETH off exchanges, which typically signals long-term holding but can reduce immediate buying pressure. Additionally, the market has seen subdued volatility and consolidation near key support at $2,500 and resistance at $2,580–$2,600, as traders position ahead of a major options expiry. Despite robust 24-hour trading volume and ongoing accumulation by whales, the market remains in a cautious, rangebound state, with participants awaiting a potential breakout as supply on exchanges tightens and derivatives open interest builds.