Ethereum

Ethereum reserves on exchanges shrink rapidly📉

Supply is drying up while the market is heavily short

A short squeeze + low liquid supply could make things very interesting📈

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At first glance, the drop in reserves is usually seen as a positive signal. However, the rationale might actually be the opposite.
Considering that a significant portion of real investment demand comes from centralized exchange users, and that these exchange balances indirectly reflect interest in the asset, the fact that reserves are at all-time lows could actually indicate a decreasing demand as an investment vehicle.
It's similar to the AUM of Ethereum ETFs — I don’t believe it’s a good sign when those numbers are at their lowest or trending downward