📉 The supply of ETH on exchanges is at an all-time low.
The amount of Ethereum on centralized exchanges continues to decrease. Currently, around 12% of the total ETH supply is on trading platforms — this is the lowest level in the entire history of observations.
An additional signal is the activity of large players. One of the major wallets recently withdrew about $93 million in ETH from the Kraken exchange and distributed the funds to two new addresses.
At the same time, the number of Ethereum holders is also increasing: over the past few years, the number of non-empty wallets has been growing faster than many other large crypto assets.
The decrease in supply on exchanges and the increase in the number of holders may indicate accumulation of the asset and reduced selling pressure. This is a factor that could support the price in the long term.
#Ethereum $ETH
The amount of Ethereum on centralized exchanges continues to decrease. Currently, around 12% of the total ETH supply is on trading platforms — this is the lowest level in the entire history of observations.
An additional signal is the activity of large players. One of the major wallets recently withdrew about $93 million in ETH from the Kraken exchange and distributed the funds to two new addresses.
At the same time, the number of Ethereum holders is also increasing: over the past few years, the number of non-empty wallets has been growing faster than many other large crypto assets.
The decrease in supply on exchanges and the increase in the number of holders may indicate accumulation of the asset and reduced selling pressure. This is a factor that could support the price in the long term.
#Ethereum $ETH