🚨$ETH Supply Shock – Market Getting Unstable?
ETH exchange supply is back to 2016 levels, only ~16M ETH on exchanges. That’s very low liquidity for a market this big.
Trend Research just closed a huge $2.6B ETH long with a $750M loss, adding selling pressure in a thin market.
Price already dropped ~37% from $3.3K, RSI near oversold, but selling volume is still strong and bears are in control. Low liquidity + big players selling = sharp moves both sides.
Some whales are still buying the dip, but if more big funds unwind, ETH can dump fast. If buyers step in, pumps will be violent too.
Simple view: Low supply = high volatility coming.