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

Ethereum's $407M exchange outflow 's the largest in four months, cutting immediately available sell-side supply and signaling holder accumulation. That constructive signal is offset by October ETF outflows exceeding $1B, which reflect persistent institutional de-risking. The conflicting flows leave ETH without a clear directional catalyst short term; traders will watch whether ETF redemptions persist or reverse before treating the withdrawal as a durable bullish supply squeeze.