Despite the price turbulence, a massive fundamental shift is happening behind the scenes: Ethereum is leaving exchanges at a record pace. Current data shows that ETH supply on centralized exchanges has hit its lowest level since 2016.
This is a classic "supply crunch" signal. When investors move their ETH off exchanges and into cold storage or staking contracts, it suggests they have no intention of selling anytime soon. With less "liquid" supply available to buy, any sudden increase in demand could result in a violent upward price move. We are essentially seeing a tug-of-war between short-term liquidation fears and long-term fundamental scarcity
ETH
2,921.1
+2.92%
XRP
1.8436
-0.90%