Ethereum Bullish Signal: Exchange Supply Registers Massive 16.4% Drop
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On-chain analytics from Santiment reveal a significant 16.4% drop in Ethereum's exchange supply, reaching its lowest level in nearly a decade. This substantial reduction in ETH available on exchanges could indicate reduced selling pressure and potential bullish momentum for the cryptocurrency.
March 22, 2025 | 6:15 am
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Reduced exchange supply typically suggests investors are holding onto their ETH, potentially anticipating price appreciation or decreased selling pressure.
A significant reduction in exchange supply often indicates investors are moving coins to cold storage or long-term holding, which can reduce selling pressure and potentially drive price appreciation.
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