BTC and ETH centralized exchange balances hit multi-year lows

Odaily Planet Daily News: Bitcoin and ether balances on centralized exchanges have fallen to multi-year lows. Analysts say that as a large amount of crypto assets has shifted to institutional custody, ETFs, DeFi protocols, and other on-chain uses, the reliability of this indicator as a price signal has declined. Meanwhile, more and more Bitcoin and ether are being locked up by companies seeking long-term price appreciation. (CoinDesk).
BTC1.59%
ETH0.20%
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