The post Geopolitical Conflict Fails to Disrupt 31.6 Million ETH Accumulation appeared on BitcoinEthereumNews.com.

Ethereum (ETH) has traded sideways around $2,000 since the beginning of the year. This price action has strengthened accumulation sentiment and encouraged investors to store assets off exchanges. The latest data shows multiple new records in ETH withdrawals, reflecting investor confidence in the asset. Meanwhile, Ethereum co-founder Vitalik Buterin has called for building Ethereum into a comprehensive sanctuary technology ecosystem amid rising geopolitical instability. Investors Withdraw Over 31 Million ETH From Exchanges in the Past Month According to a report from Lookonchain, the wallet address gammafund.eth withdrew 9,000 ETH ($17.86 million) from Binance today. Earlier, on March 2, BitMine executed a significant acquisition. The firm purchased 50,992.8 ETH, increasing its total holdings to 3.71% of Ethereum’s total supply. Data from CryptoQuant shows that ETH withdrawals from exchanges reached approximately 31.6 million ETH in February. This marked the highest level since November last year. Among exchanges, Binance led with around 14.45 million ETH withdrawn, accounting for nearly half of the total outflows. Other exchanges such as OKX (3.83 million ETH) and Kraken (1.04 million ETH) also recorded significant outflows. Ethereum Exchange Outflow. Source: CryptoQuant. This trend has continued into early March. It reflects investor behavior of moving assets away from centralized exchanges. Investors appear to expect ETH to rise in the medium- to long-term. As a result, they prefer holding ETH in private wallets rather than keeping it on exchanges. The wave of ETH withdrawals has occurred while ETH fluctuates around $2,000. The price remains 60% below last year’s peak. “When such movements coincide with sensitive price levels, they may reflect either increased long-term holding conviction or a strategic reallocation of positions,” commented analyst Arab Chain. As a result of this withdrawal wave, ETH exchange reserves fell to a record low in March, according to CryptoQuant. Ethereum Exchange Reserve. Source: CryptoQuant.…

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Filed under: News - @ March 4, 2026 7:27 am