ETH holders have pulled 1.4M coins off exchanges since June. BTC holders put more on. 🔒 ETH sitting on exchanges fell from about 7.69M coins on Jun 3 to about 6.28M on Aug 27, down roughly 18%. 🧭 BTC balances over the same twelve weeks went the other way, up about 0.25%, and sit near the top of their recent range. 📉 The ETH drain did not stop when price ran. Another 275k coins left exchanges after Aug 19, taking the balance to its lowest of the period. 📈 ETH is up roughly 27% since Aug 16, so the coins left while the price rose, not while it fell. Two majors, one market, opposite inventory. ETH holders took their coins home. BTC holders left them on the desk. 🔗 Explore ETH and BTC exchange balances in Sanbase: https://app.santiment.net/charts/eth-and-btc-supply-on-exchanges-32060?utm_source=x&utm_medium=post&utm_campaign=ethbtc_082026&aff=33 (researched with Santiment MCP + Claude)