Citing BitcoinWorld, Ethereum exchange balances have dropped to 14.8 million as of September 25, the lowest level since 2016. This decline reflects a shift in investor behavior, with many moving ETH to cold wallets, staking, or DeFi protocols. The supply ratio on exchanges is now at 0.14, indicating reduced selling pressure and increased long-term confidence in Ethereum.
ETH Exchange Balances Hit 2016 Lows Amid Staking and DeFi Shift
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