Ethereum exchange supply falls to 6.06 million ETH, an 11-year low
- —Exchanges hold 6.06 million ETH versus 22.9 million in June 2020
- —The 73% decline reduces liquidity available for selling
- —Santiment links the outflow to staking, ETFs and corporate reserves
- —A smaller supply could amplify price reactions to buying
Why it matters: Shrinking exchange supply reduces seller pressure and makes ETH's price more sensitive to incoming demand.
Source: Koin Bülteni