Despite the price drops in #Bitcoin and #Ethereum , #crypto investors continue to withdraw their assets from exchanges. The latest research shows that the rate of Ether on exchanges has decreased by a record compared to the total supply and has reached an all-time low.
According to the latest information from on-chain data platform Santiment, small investors continue to withdraw their Ether from exchanges. Despite the price drops, it was noted that the number of #ETH on central platforms decreased, while it was stated that the figure corresponds to 10% of the total supply.
While it is stated that the rate of 10 percent is the lowest level of all time, it was informed that this rate was last reached in 2015, one year after the Ethereum ICO.
Staking and cold wallets…
The decrease in the number of Ether on the exchanges signals that investors are returning to cold wallet and staking. As it will be remembered, the number of Ether staked on May 9 also reached an all-time high. Even Binance CEO CZ claimed that this could bring a sharp rise in price.
Ether price, which has fallen by about 4% in the last 24 hours, is trading at about $ 1770 at the time of writing.
Santiment also stated that the rate of Bitcoin in the stock markets fell to the lowest level in the last 5.5 years. It was noted that only 5.84% of the total Bitcoin supply is on centralized platforms.
