Ethereum Reserves Fall to Multi-Year Low as Staking Hits Record

Ethereum reserves on crypto exchanges have fallen to 14.88 million ETH, their lowest level in years. At the same time, a record share of the network’s circulating supply is locked in staking, creating a market where fewer coins are sitting within easy reach of traders.The numbers are striking because the decline has been building for more than a year. On July 1, 2025, exchanges held 21.3 million ETH. By September 8, 2026, that figure had fallen by roughly 6.42 million ETH.Those coins have