ETH SUPPLY JUST HIT 2016 LEVELS



#Ethereum exchange balances are now back to mid-2016 levels -- almost a decade ago.

That’s wild when you think about how much bigger the ecosystem is today.

While Bitcoin has seen coins move back onto exchanges recently, $ETH has quietly been leaving. Most of this $ETH isn’t lost or abandoned -- it’s investor-owned and simply not sitting on the sell side.

OTC supply has increased a bit, but it’s still small compared to total ETH supply. If exchange balances stay this tight and OTC liquidity dries up too, price discovery doesn’t happen smoothly -- it happens fast.

When demand shows up, there may not be much $ETH left to meet it. 👀🔥
ETH-0,76%
BTC0,33%
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