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Ethereum Supply Drops to 10-Year Low — Bullish Signal for $3,000 ETH?

  • Over the past five years, 15.3 million ETH have been removed from exchanges, with 1 million ETH withdrawn in the last month alone.
  • Whales have increased their holdings significantly, adding 450,000 ETH since April, leading the 20 largest ETH wallets to collectively hold a record 40.75 million ETH.
  • Ethereum's presence on centralized exchanges is at its lowest in over a decade, with only 4.9% of its supply on exchanges, indicating a trend of long-term holding and institutional accumulation.
  • Institutional interest in Ethereum is growing, with Ethereum spot ETFs seeing significant inflows recently. The upcoming decision on Ethereum ETFs engaging in staking could further drive ETH demand.

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