๐๐ Ether (ETH) on exchanges has hit its lowest level since May 2018, with only 10.66 million coins remaining on centralized platforms! Meanwhile, a whopping 115.88M ETH is now outside these platforms, reaching an all-time high! ๐
On October 4, a massive 110,000 ETH (over $180 million) moved off exchanges, marking the largest outflow day since August 21. Such moves are usually seen as bullish, as they reduce selling pressure and show investors' long-term convictions. ๐
Similarly, Bitcoin (BTC) on exchanges has reached a 5-year low, with the supply slipping to 5.73%. ๐ Whales and sharks have been busy accumulating BTC, now controlling over 66% of the circulating supply. ๐
So, it seems that both ETH and BTC are witnessing a decrease in exchange supply, indicating a potentially bullish future for these cryptocurrencies! ๐๐
On October 4, a massive 110,000 ETH (over $180 million) moved off exchanges, marking the largest outflow day since August 21. Such moves are usually seen as bullish, as they reduce selling pressure and show investors' long-term convictions. ๐
Similarly, Bitcoin (BTC) on exchanges has reached a 5-year low, with the supply slipping to 5.73%. ๐ Whales and sharks have been busy accumulating BTC, now controlling over 66% of the circulating supply. ๐
So, it seems that both ETH and BTC are witnessing a decrease in exchange supply, indicating a potentially bullish future for these cryptocurrencies! ๐๐