Ethereum's exchange reserves have dropped to levels last seen in 2015-2016, indicating a historic supply squeeze due to rising long-term accumulation and demand.
Both Ethereum (ETH) and Bitcoin (BTC) have experienced a 30% decline in exchange-held supply since 2021, reflecting a shared trend of investors moving assets into long-term storage.
While Bitcoin has received high-profile support, Ethereum has quietly outperformed in organic supply contraction, showcasing its fundamental strength as a value-holding asset.
Ethereum's supply dynamics suggest growing long-term appeal, with the asset's exchange reserves back to 2015 levels, indicating rising confidence in both Ethereum and Bitcoin's future roles.