Ethereum Exchange Reserves Lose 475,000, Is The Red Month Of June A Time To Buy?
Summary
Ethereum appears to be entering an accumulation phase as prices fall below $2,000. On-chain data shows over 475,000 ETH leaving centralized exchanges in the first week of June, reducing exchange-held ETH from 3.87 million to a much lower level. Major outflows came from Binance, Bitfinex, OKX, and Gemini, which typically signals buying and transfer to private wallets rather than selling. The move suggests investors are using June’s weakness to buy the dip. This fits Ethereum’s historical pattern: June is one of its worst months, with only three green closes in the past decade and an average return of -7.59%. Ethereum is already down more than 16% this month.
