#ETH on exchanges just hit a multi-year low. 📉 Only 16 million ETH remain — down from 23 million in 2023. Here’s what makes this powerful: While price dumped, holders didn’t rush to sell. They withdrew. Exchange reserves measure how much ETH is sitting on exchanges, ready to be sold. When that number drops, immediate sell pressure drops with it. But here’s the key… Reserves are falling during a price crash. ETH is being moved off exchanges intentionally — to staking, to cold storage, to DeFi. Long-term positioning. Not short-term trading. This is how supply shocks begin. With silent accumulation while the crowd is focused on fear. The market looks scared. On-chain data tells a very different story. 📈 #XCryptoBanMistake #GoldSilverOilSurge #IranConfirmsKhameneiIsDead
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#ETHEREUM IS GETTING DRAINED FROM EXCHANGES
#ETH on exchanges just hit a multi-year low. 📉
Only 16 million ETH remain — down from 23 million in 2023.
Here’s what makes this powerful:
While price dumped, holders didn’t rush to sell.
They withdrew.
Exchange reserves measure how much ETH is sitting on exchanges, ready to be sold. When that number drops, immediate sell pressure drops with it.
But here’s the key…
Reserves are falling during a price crash.
ETH is being moved off exchanges intentionally — to staking, to cold storage, to DeFi. Long-term positioning. Not short-term trading.
This is how supply shocks begin.
With silent accumulation while the crowd is focused on fear.
The market looks scared.
On-chain data tells a very different story. 📈
#XCryptoBanMistake #GoldSilverOilSurge #IranConfirmsKhameneiIsDead