ETH exchange holdings hit a 9-year low, the time to buy the dip has arrived!
Latest data as of March 24: the holdings of centralized exchanges have dropped to 8.97 million coins, a new 9-year low, accounting for only 7.47% of the total circulating supply! This means investors are transferring ETH to cold storage, reducing selling pressure and boosting confidence. Look at Bitcoin; after hitting a record low in exchange balances in January, the price soared from $90,000 to $109,000, and ETH is also on the verge of a breakout!
With the Ethereum PoS upgrade, the dApps and NFT ecosystem is thriving, and demand is steadily increasing. The current ETH price is around $2,014, combined with low supply and high potential, the buying opportunity has arrived! Of course, the market carries risks, so it's important to do thorough research before entering and make rational decisions!
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