📉 Exchange Supply of $ETH and $BTC
Hits Historic Lows
According to on-chain data from Santiment (via Odaily), the supply of Ethereum $ETH
on exchanges has dropped to just 4.9% of its total supply — a level not seen in over 10 years.
At the same time, Bitcoin (BTC) exchange reserves have fallen to 7.1%, marking the lowest point since November 2018.
Over the past 5 years:
🔻 BTC on exchanges: down by 1.7 million
🔻 ETH on exchanges: down by 15.3 million
This significant decline suggests a growing trend of long-term holding and decreasing selling pressure for both assets. Bullish signal?
