31.6 Million ETH Leaves Exchanges as Vitalik Calls for Ethereum “Sanctuary” Tech

Ethereum (ETH) has been trading sideways near $2,000, leading to increased accumulation sentiment where investors move assets off exchanges. Data from CryptoQuant indicates that approximately 31.6 million ETH were withdrawn from exchanges in February, the highest level since November, with Binance accounting for nearly half of these outflows. This trend has continued into early March, driving ETH exchange reserves to a record low, suggesting investors anticipate long-term price appreciation and prefer self-custody during periods of instability.

Separately, Ethereum co-founder Vitalik Buterin urged the community to build Ethereum into a comprehensive ecosystem of "sanctuary technologies." He noted increasing global concerns over government control, surveillance, and wars, arguing that Ethereum has not yet significantly improved people's real lives in this context. Buterin envisions these open-source technologies enabling people to live, work, manage assets, and cooperate sustainably under external pressures, aiming to reduce the severity of power conflicts and prevent system weaponization.

(Source：BeInCrypto)