ETH BALANCE ON EXCHANGES HITS LOWEST LEVEL SINCE 2015

The ETH balance on exchanges has fallen to its lowest level since 2015:

↓ Down 43% since July

Only 8.7% of total ETH supply is on exchanges

With an increasing amount of ETH locked in staking, layer-2, DATs, and long-term custody solutions, supply is becoming increasingly tight.

This could lead to a supply shock and a strong price surge in the near future if ETFs appear with strong buying power.