According to Santiment, only 3.49% of the total $ETH supply is currently held on tracked exchanges. That is one of the lowest levels seen since Ethereum’s early years.
At the same time, around 1.68M $ETH is waiting to enter staking, while only about 154K ETH is waiting to exit. The entry queue is almost 11 times larger.
With less $ETH available on exchanges, the amount of coins ready to be sold quickly is getting smaller.
#Macro Insights#
At the same time, around 1.68M $ETH is waiting to enter staking, while only about 154K ETH is waiting to exit. The entry queue is almost 11 times larger.
With less $ETH available on exchanges, the amount of coins ready to be sold quickly is getting smaller.
#Macro Insights#
