U.Today reports that Ethereum's supply on exchanges has decreased since the Binance hack on October 29. On-chain data shows that from October 28 to November 2, the total supply of Ethereum held by exchanges dropped from 3.56% to 3.20%, a decrease of 0.36%. More than half of this decline occurred on October 29, the day of the Binance hack. However, the data is more indicative of a liquidity contraction rather than a panic sell-off, as Ethereum balances on top exchanges actually increased by approximately 39,000 ETH on October 29. The main decrease (about 313,000 ETH) occurred on November 1 and November 2, after withdrawal services were restored. Currently, Ethereum's price remains in a bearish state, trading near $2,264.