#数字资产市场洞察 ⚠️ Exchanges' Ethereum reserves drop to lowest in 8 years—what does this mean?

Recent data shows that on-chain liquid Ethereum is rapidly depleting, as institutional investors are transferring assets off exchanges on a large scale. This is no coincidence. At the same time, U.S. banks announced a major decision: starting in 2026, their advisory teams will be authorized to recommend crypto asset ETFs directly to clients.

From another perspective, this reflects a tight supply side and an expanding demand side—two forces working simultaneously. Fewer coins are available, and more money is entering the market. This is classic bullish market logic.

During such times, a two-step approach is more prudent:

**Step 1: Hold onto mainstream spot assets**
$ETH, $BTC—these fundamentals must be maintained, and don’t be scared out by short-term fluctuations. In the long run, liquidity and consensus of mainstream coins are the most solid.

**Step 2: Allocate a small portion to ecosystem innovation**
The Ethereum ecosystem has many early projects with strong consensus, suitable for testing with a small amount of funds. The core criterion for choosing projects is—community consensus must be strong, and decentralization must be high. Privacy assets like $ZEC may attract more institutional attention as regulations become clearer.

Bull markets are never playgrounds for retail investors; they only reward those who understand the market dynamics. Every step taken now will reveal its answer in the next cycle.