@denart
🫡✨Ethereum is being withdrawn from exchanges - inventory at a historic low
Santiment analysts recorded a record low share of ETH on centralized exchanges - only 4.9% of total supply. This is the minimum for the entire existence of Ethereum.
👑By comparison, exchanges also have only 7.1% of bitcoins remaining - the lowest figure since November 2018.
Separately, they also noted the overheating of the market: ETH trading activity has increased around $2500. Some investors are fixing profits, old wallets are activated. This may precede a short-term correction before a new accumulation cycle.