Ethereum Exchange Supply Falls to Lowest Level Since 2016
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen its exchange supply drop to the lowest level since 2016, indicating reduced sell-side pressure. Exchange supply refers to the amount of ETH held on centralized trading platforms such as Binance, Coinbase, and OKX, which is typically available for immediate selling.
This decline suggests that investors are moving ETH into self-custody, staking contracts, or long-term storage, tightening liquid supply in the market. From a money supply and liquidity perspective, lower exchange balances reduce short-term circulating supply, which can amplify price movements during demand surges. If demand increases through ETFs, staking, or institutional accumulation, the constrained supply could support stronger upward price momentum.
