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Crypto

ETH Exchange Supply Plummets by 73%, Boosting Bullish Sentiment

Guavy AI Editorial Team
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ETH
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Ethereum's exchange supply has seen a significant decline in recent years. According to Santiment, there are now 6.06 million ETH on exchanges compared to 22.9 million at the network's June 2020 peak. This represents a 73% drop in easily sellable supply.

The reduction in CEX-held liquid supply is seen as a bullish signal for ETH price and broader crypto adoption. A decrease in exchange supply can reduce potential sell pressure, which could lead to increased demand and higher prices.

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