Ethereum Exchange Supply Hits 9-Year Low 📉
The Stat: The amount of Ethereum (ETH) held on exchanges has dropped to its lowest level since 2016.
The Interpretation: Despite the recent price dip below $3,000, investors are moving their ETH into cold storage or staking contracts. This "supply shock" suggests that long-term holders are not panicked by the current volatility and are preparing for a future move up.$ETH #exchange
