Less Ethereum To Sell: ETH Supply On Exchanges Slides To New Multi-Year Low
In the midst of the waning action of the Ethereum price, investor sentiment, especially those on centralized exchanges, appears to be holding remarkably strong. Despite experiencing a pullback, causing ETH to lose the $3,000 price mark, the overall supply of the altcoin on cryptocurrency exchanges has fallen sharply, reaching a new multi-year low. Exchange-Held Ethereum […]
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Research firm Santiment has determined that Ethereum’s supply radius on exchange platforms is at a 28-month low. With 20.1% of ETH in its reserves, the last time the metric was at similar levels was in November 2018. Above is a look at the relationship between the increase in Ethereum supply on the exchanges and fluctuations […]