💼 Ethereum Supply Drying Up: Big Outflows from Exchanges 🚀
Ethereum has been moving between $4,250 and $4,500 over the past week, and the story behind it is pretty interesting. On-chain data reveals something major is happening with ETH across the biggest exchanges.
📉 In just 90 days, Ethereum balances on centralized exchanges have dropped sharply. Binance alone lost about 700,000 ETH in just two weeks (Aug 23 – Sept 5), while Coinbase saw a massive 900,000 ETH outflow. Overall, more than 2.6 million ETH has left exchanges in the past couple of months.
🔑 Why does this matter? When investors move ETH off exchanges and into private wallets, it usually means they’re holding long-term instead of selling. Less ETH available on exchanges = potential supply shock. If demand stays steady or rises, prices could push higher.
This trend shows how investor confidence in Ethereum is growing, and the shrinking exchange supply might be setting the stage for bigger moves ahead. 🌐🔥
#Ethereum #ETH #CryptoNews #HODL #SupplyShock #BTCvsETH #CryptoInvesting #Write2Earn
