🔥Is the chip concentrating? Ethereum exchange supply drops to an eight-year low
⭐️An on-chain signal worth paying attention to has appeared: the supply of Ethereum on exchanges has fallen to its lowest level since 2016.
What does this mean? It indicates that more ETH is being transferred from trading accounts to private wallets or being staked, significantly reducing short-term selling pressure in the market, and holder confidence may be shifting towards the long term.
When the "circulating chips" become scarce, the supply and demand structure of the market often changes quietly. This is undoubtedly a positive signal worth noting.
