Ethereum exchange balances are now back to mid-2016 levels - almost a decade ago. $ZIL
That’s wild when you think about how much bigger the ecosystem is today.
While Bitcoin has seen coins move back onto exchanges recently, ETH has quietly been leaving. Most of this ETH isn’t lost or abandoned - it’s investor-owned and simply not sitting on the sell side.
OTC supply has increased a bit, but it’s still small compared to total ETH supply. If exchange balances stay this tight and OTC liquidity dries up too, price discovery doesn’t happen smoothly - it happens fast.
When demand shows up, there may not be much ETH left to meet it. 👀
🛢️OIL SLIDES IN ASIA AMID MIDDLE EAST SIGNALS $ETH
Oil fell in early Asian trade as traders adjusted positions after Iran and the United States signaled willingness to keep pursuing diplomacy, even as tensions remain high. $AXS
Iran warned of missile strikes if Donald Trump orders an attack. A commodity analyst says Brent Crude Oil could jump back to $70 if tensions flare up again. $PYR
Prime Minister Sanae Takaichi is staking her political future on turning 60–80% approval ratings into a parliamentary majority that could fast-track crypto reforms. $WLFI
Markets are watching closely for signals on crypto taxes, stablecoin rules, and legal clarity as Japan heads to the polls. $ASTER
Lyn Alden says the Fed is likely to keep expanding its balance sheet at a rate similar to the growth of total bank assets or national nominal GDP. $ZIL
That means more liquidity entering the system, mainly through buying government bonds and other assets. $DUSK