Analysis: Ethereum holdings on exchanges have fallen to their lowest level since 2015, potentially triggering a supply crunch.
Ethereum holdings on centralized exchanges have dropped to 8.7%, hitting a historic low since the network went live in 2015. Since July this year, exchange ETH balances have decreased by 43%, mainly flowing into staking, restaking, Layer-2 networks, Digital Asset Treasuries (DAT), and long-term custody. Analysts point out that this unprecedented supply tightening environment may lead to price increases.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum price forecast: Ether eyes $4k as whales open long positions

Argentina moves to reshape crypto rules as banks prepare for Bitcoin services

Bitcoin price forecast ahead of Fed decision

Bitcoin Cash could retest $550 after latest rally: Check forecast

