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Ethereum Exchange Supply Hits Record Low of 14.5 Million


Ethereum Exchange Supply Hits Record Low of 14.5 Million

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CryptoQuant data shows Ethereum held on exchanges dropped to a record low of 14.5 million ETH after reserves broke sharply to the downside from a clear inflection point. The sustained outflows reduce sell-side liquidity on exchanges and imply bullish pressure for ETH price and potential increased DeFi participation, staking and self-custody adoption.

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The amount of Ethereum sitting on exchanges just hit its lowest record on paper of 14.5 million ETH according to data from CryptoQuant. When looking at the data, it is clear that there is a clear starting point as to when ETH exchange balances started falling off a cliff. Reserves broke to the downside pretty...
Read the article at CryptoPolitan

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In This News

Coins

$ 1.78K

+1.59%

Funds

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share: