The number of ETH sitting on crypto exchanges continues to decrease and is now down to its lowest position since public trading began almost a decade ago.
However, that has not stopped the price of the second-largest cryptocurrency from further dropping to a new 6-week low.
CryptoPotato reported in late March that the Ethereum supply held on exchanges had declined to just 10.31%.
It seems investors have only continued withdrawing their ETH portions from trading platforms, as Santiment updated that the percentage has further declined to 10.1%.
The analytics resource asserted that this is the lowest figure since the asset began public trading after its launch in 2015.
As #Ethereum has dipped to $1,780 today, we’ve seen exchange supply continue to decrease. The percentage of $ETH on exchanges is at its lowest (10.1%) since public trading began in 2015. This is essentially the #AllTimeHigh for non-exchange holdings. https://t.co/WVmeAJhhMM pic.twitter.com/eMXoRh9R76
— Santiment (@sant
We współpracy z: https://cryptopotato.com/ethereum-crashes-to-6-week-lows-despite-eth-on-exchanges-declining/
