Only 3.49% of $ETH Supply Is on Exchanges: Why Does It Matter?
Santiment data shows that just 3.49% of Ethereum’s total supply is now held on tracked exchanges — a record low in its dataset.
This means less ETH is immediately available on exchanges for trading or selling.
But there’s an important catch: ETH leaving exchanges does not automatically mean investors are bullish. Coins can move to self-custody, staking, DeFi, or other wallets for different reasons.
Key takeaway:
Low exchange supply is an important market indicator, but it does not guarantee that ETH’s price will rise.
What do you think matters more for ETH right now — exchange supply or demand?
#Ethereum #OnChainData #CryptoMarket
Santiment data shows that just 3.49% of Ethereum’s total supply is now held on tracked exchanges — a record low in its dataset.
This means less ETH is immediately available on exchanges for trading or selling.
But there’s an important catch: ETH leaving exchanges does not automatically mean investors are bullish. Coins can move to self-custody, staking, DeFi, or other wallets for different reasons.
Key takeaway:
Low exchange supply is an important market indicator, but it does not guarantee that ETH’s price will rise.
What do you think matters more for ETH right now — exchange supply or demand?
#Ethereum #OnChainData #CryptoMarket
