Ethereum’s on-chain data continues to signal a constructive structure despite short-term noise.
Exchange Reserves:
Roughly 16.2M ETH remains on centralized exchanges, marking the lowest level in nearly 8 years. This keeps sellable supply constrained.
Exchange Inflows:
Weekly net inflows sit near 25,700 ETH, a marginal ~0.16% increase, showing no evidence of sustained sell pressure.
Whale Activity:
A notable transfer of 91,900 ETH ($280M) was observed, but it appears to be an isolated move, not a broader distribution trend.
Illiquid Supply:
Over 27% of total ETH supply is staked, removing millions of ETH from active circulation and reducing liquid availability.
Supply Dynamics:
During periods of high network usage, ETH burn accelerates, keeping net issuance flat to deflationary.
Bottom Line:
Exchange supply is low, inflows remain controlled, and whale activity does not suggest unloading. Overall, ETH’s on-chain structure remains fundamentally strong.
#ClawdBotSaysNoToken #BTC #ETH
