⚡ Ethereum Exchange Supply Hits 9-Year Low — Supply Shock Incoming?
✅ $ETH supply on exchanges has dropped to 8.97M $ETH, the lowest level since November 2015, according to Santiment. Investors continue moving their $ETH into cold wallets, reducing liquidity.
✅ $BTC saw a similar trend in January when exchange reserves hit a 7-year low, followed by a bull run.
✅ Meanwhile, the $ETH/$BTC ratio is at its lowest in 5 years, and spot ETFs have recorded 12 consecutive days of outflows, indicating the market is still under selling pressure.