💰The supply of $ETH on exchanges is gradually declining.



Currently, there is a trend of ETH being withdrawn from exchanges and moved into long-term storage through staking or restaking.

The volume of coins held on exchanges has fallen to 8.7% of the total supply, a record low since the network's launch.

This trend will significantly reduce selling pressure, and we will not see any significant correction in the current cycle.

Also, CoinShares' weekly report on attractive inflows.

This week turned out to be profitable, with $716M in inflows to the community. $BTC, of ​​course, had the largest inflow, with $352M. $XRP , surprisingly, came in second with $245M, and $LINK came in third with $52.8M.

Investment inflows were broad-based, led by the United States ($483M), Germany ($96.9M), and Canada ($80.7M).

Short positions recorded negative outflows following the talks, indicating a easing of negative sentiment.
ETH-2.18%
XRP0.15%
LINK1.04%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)