@kartick1985
Crypto: Ethereum Hits An All-time Low On Exchanges!
The year 2024 promises to be significant for Ethereum, the second-largest crypto in the market. In the midst of a whirlwind, Ethereum reserves on centralized exchange platforms have reached a historically low level, a phenomenon not observed since 2016. This drop in reserves comes as Ethereum price volatility draws considerable attention. But beyond the numbers, it’s the behavior of investors that intrigues: why this massive exodus from exchanges? A deeper analysis of this trend reveals a profound change in market dynamics.
Ethereum reserves on exchanges have been steadily decreasing since the beginning of 2024. According to Glassnode data, the amount of ETH held on platforms dropped from 14 million in January to around 11.7 million units in August.
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