ETH IS BEING WITHDRAWN FROM THE EXCHANGE - ARE SHARK WALLETS ACCUMULATING?

- Whales & sharks (wallets with 100–100k ETH) have accumulated ~934,240 $ETH (~3.15 billion USD) in just 3 weeks.

- Meanwhile, retail investors have net sold ~1,041 $ETH in the most recent week

- Simultaneously, ETH exchange reserves across all platforms are declining to around ~16.6 million ETH, the lowest in many years

- The amount of ETH on exchanges is now only 8.7%, the lowest level since 2015

- The supply of staked ETH remains high, reaching 28.8% of the total supply

=> The market is in a state of mild supply squeeze, with very thin liquidity, so price movements may react quite strongly