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.
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