๐๐ป๐๐ฒ๐๐๐ผ๐ฟ๐ ๐ฎ๐ฟ๐ฒ ๐ฝ๐๐น๐น๐ถ๐ป๐ด $BTC & $ETH ๐ผ๐ณ๐ณ ๐ฒ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐
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% of Bitcoin on CEXs is at an 8-year low, Ethereum at a 10-year low.
What it means:
โ More BTC & ETH are moving into DeFi
โ Web3 infrastructure (cold wallets, DEXs, perps) is gaining traction
โ Shrinking exchange supply = increasing upward pressure on price
โ ยฉ Cryptorank
