If you are still assuming exchange liquidity moves in tandem across all majors, you might be making an expensive mistake.
Nothing stings quite like watching an asset chop sideways while its actual available float quietly vanishes into cold storage right under your nose.
Since June, roughly 1.4M $ETH has left centralized exchanges at the exact same time $BTC balances saw a slight increase. Historically, upward price action tempts holders into depositing on exchanges to take profits, yet Ethereum reserves continue to dry up even as spot prices push higher.
It feels a lot like late 2020 when supply migrated off-market before the broader crowd realized liquidity had thinned out. The stark contrast between Ethereum accumulation and Bitcoin exchange inventory suggests the next move could catch anyone off guard who only watches one chart.
Where do you see this supply divergence taking the market as we head into the next quarter?
#Ethereum #Bitcoin #Altcoins
Nothing stings quite like watching an asset chop sideways while its actual available float quietly vanishes into cold storage right under your nose.
Since June, roughly 1.4M $ETH has left centralized exchanges at the exact same time $BTC balances saw a slight increase. Historically, upward price action tempts holders into depositing on exchanges to take profits, yet Ethereum reserves continue to dry up even as spot prices push higher.
It feels a lot like late 2020 when supply migrated off-market before the broader crowd realized liquidity had thinned out. The stark contrast between Ethereum accumulation and Bitcoin exchange inventory suggests the next move could catch anyone off guard who only watches one chart.
Where do you see this supply divergence taking the market as we head into the next quarter?
#Ethereum #Bitcoin #Altcoins
