No ETH to trade? Ethereum exchange balance drops to a 5-year low
The ETH balance decline began in September 2022, dropping significantly in November and December after the downfall of FTX. The balance of available Ether (ETH) across crypto exchange s dropped to a five -year low on May 26, bringing the total amount of Ether held on exchange s to 17.86 million. A drastic decline in the exchange supply of ETH like this has not been seen since April 2018. According to Glassnode data, only 14.85% of the total Ether supply is currently held on centralized exchanges, compared with the 25–26% of supply held during the 2021 bull run. The decline in Ether exchange balances. Source: Glassnode The drop in ETH supply began in September 2022, dropping significantly after the FTX crisis in November. Apart from a decline in the exchange balance, Ethereum wallet addresses holding more than 100 ETH have also declined to a six-month low. #Ethereum $ETH Number of Addresses Holding 100+ Coins just reached a 6-month low of 46,858 View metric:https://t.co/FbjiMG3uFX ...