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Ethereum Exchange Supply Drops To Record Low Of 4.9%

  • Ethereum's supply on exchanges has dropped to a record low of 4.9% as investors continue to withdraw ETH.
  • On-chain data reveals a downtrend in the supply on exchanges for Ethereum, indicating bullish sentiment among investors.
  • The long-term trend shows a decrease in Ethereum supply on exchanges, with temporary deviations observed during profitable opportunities.
  • In comparison, Bitcoin has also seen a net outflow trend from exchanges, with 1.7 million BTC withdrawn in the past five years.

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