Picture this: a market where prices climb higher every day, yet the available supply on exchanges quietly vanishes into thin air.
Most traders get trapped watching short-term candles and panic selling during minor pullbacks, completely blind to the macro liquidity shifts happening right beneath the surface.
We saw a nearly identical setup back in late 2020 with $BTC before its parabolic expansion phase. Back then, institutional accumulation drained exchange order books while retail stayed hesitant on the sidelines. Now, history seems to be rhyming with $ETH as its exchange reserves plummet to multi-year lows despite the continuous upward price momentum. When sell-side liquidity dries up like this, even standard spot market inflows from ecosystems like $SOL or altcoin rotations can trigger aggressive upward slippage.
What's your take on how this supply shock will play out in the coming weeks?
#Ethereum #CryptoAnalysis #OnChainData
Most traders get trapped watching short-term candles and panic selling during minor pullbacks, completely blind to the macro liquidity shifts happening right beneath the surface.
We saw a nearly identical setup back in late 2020 with $BTC before its parabolic expansion phase. Back then, institutional accumulation drained exchange order books while retail stayed hesitant on the sidelines. Now, history seems to be rhyming with $ETH as its exchange reserves plummet to multi-year lows despite the continuous upward price momentum. When sell-side liquidity dries up like this, even standard spot market inflows from ecosystems like $SOL or altcoin rotations can trigger aggressive upward slippage.
What's your take on how this supply shock will play out in the coming weeks?
#Ethereum #CryptoAnalysis #OnChainData
