🔥 The amount #Ethereum on exchanges has decreased to 8.97 million ETH, reaching its lowest level in 9 years (since November 2015).
This phenomenon occurs because many holders are transferring their Ethereum from exchanges to cold wallets for long-term storage. This has significantly reduced the amount of ETH available on the market, leading to lower liquidity.
With the current scarce supply, the market may face greater price volatility in the future due to the scarcity of supply.