🚨 Ethereum’s supply on exchanges has dropped to a new all-time low.
The amount of $ETH held on exchanges has fallen to just 14.5 million ETH, the lowest level ever recorded.
Since late 2023, more than 6 million ETH has been moved off exchanges, as demand from spot ETF investors and corporate treasury buyers continues to grow. This ongoing accumulation trend is reducing the available exchange supply and highlighting strong long-term conviction among holders.