🚀 Ethereum Exchange Supply Drops 52% — Is $3,700 the Danger Zone?
✍️ By Paul
📊 Market Update
Ethereum exchange balances have plunged 52% since 2016, dropping to nearly 14.8M ETH — the lowest in 9 years. This sharp decline signals a tightening in market liquidity, which long-term traders may view as a bullish indicator.
🔥 On the flip side, a top analyst has issued a warning: the $3,700 level has become a critical liquidation cluster. If price breaks below this level, we could see a wave of forced selling pressure hitting the market.
---
🐋 Whales on the Move
While short-term risks loom, whales are accumulating ETH aggressively. Over the past few days, more than $1.73B worth of ETH has been withdrawn from major exchanges including:
Kraken
BitGo
Galaxy Digital
FalconX
OKX
This large-scale transfer into private wallets signals a clear long-term HODL strategy by big players.
---
📌 Key Takeaways for Binance Traders
✅ Bullish Factor: A record-low exchange supply reduces circulating liquidity, potentially pushing ETH higher.
