Binance's ETH reserves have fallen to 2.9 million, a near five-year low.

On November 14, the daily trading volume of perpetual contracts on the FOMO platform exceeded $171 million, while the trading volume of tokens such as Meme was $37.4 million, with the contract trading volume being approximately 4.5 times that of Meme. Meme token trading remains the primary source of FOMO fees. On November 14th, FOMO perpetual contract trading generated $76,000 in fees, while token trading generated $185,000 in fees. FOMO's perpetual contracts are implemented through Hyperliquid, and FOMO charges a maximum of 0.05% for opening and closing positions.

Binance's smart money account, Luke Alpha, has incurred a combined unrealized loss of $6.196 million on its long positions in ETH and BTC. The ETH long position is 13,000 coins, worth $28.84 million, with an opening price of $2,218.85 and a floating loss of $5.031 million. The holder holds a long position of 100 BTC, valued at $7.73 million, with an opening price of $77,330 and a floating loss of $1.165 million.

The popularity rankings show that NVDAX remains in second place, unchanged from yesterday. The popularity rankings are as follows: ① NVDAX （$161.30，-0.89%） ② ZEC （$911.32，0.78%） ③ ETH （$1832.05，-3.84%） ④ AKE ($0.01217, -9.92%) ⑤ HEAT ($0.1350, 30.81%) NVDAX saw strong selling pressure from major funds, with a net outflow of $5.0092 million in the past 24 hours and a trading volume of $43.8834 million, of which $2.2671 million was from major funds.

Crypto analyst Darkfost stated that Binance's ETH reserves have fallen to approximately 2.9 million, a new low since 2021. In July 2025, Binance's ETH reserves exceeded 5 million, when the ETH price was close to $5,000. Since then, the ETH price has corrected by more than 63%, while Binance's ETH reserves have decreased by nearly 42% during the same period. Binance's 30-day moving average net inflows are mostly in negative territory, with ETH outflows consistently exceeding inflows. Decreasing exchange reserves reduce the supply of ETH readily available for sale in the market.

Bitcoin broke through $66,000, up 2.92% on the day.