#ETFWatch 🕵🏻 📉According to Santiment, the supply of Ethereum on exchanges has fallen to 8.97 million ETH, its lowest level since November 2015. Investors continue to transfer ETH to cold wallets, reducing available liquidity.

Bitcoin saw a similar trend in January, when foreign exchange reserves hit a 7-year low, followed by a sharp price surge.

Meanwhile, ETH/BTC is at a 5-year low and spot ETFs have seen 12 consecutive days of outflows, reflecting continued market pressure.$ETH