#Ethereum held on centralized exchanges has fallen to its lowest level in history, fueling speculation that a supply squeeze may be forming beneath the surface of the market.
Key Takeaways:
$ETH exchange balances have dropped to a record low of 8.7%, a 43% decline since July.
Staking, L2 activity, DATs, and long-term custody are tightening liquid supply.
Analysts see hidden buying strength, hinting at potential upward momentum.
ETHUSDT
Perp
3,105.57
-0.56%