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Ethereum is slowly being drained of its available supply on exchanges



From approximately 22.9 million ETH in June 2020 to only about 6.06 million today, ETH reserves on centralized exchanges have declined significantly

Some has gone into staking, some has moved into self-custody, and some capital has been allocated through channels such as ETFs

The decline in tradeable ETH supply on exchanges is certainly worth watching, but it does not necessarily mean the price will rise

However, if the supply contraction is accompanied by continued capital inflows

The upside potential for ETH is indeed beginning to open up again

Is the ethereum:native season finally coming?👀
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ETHETH-2.74%


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LiquidityFisher
11 minutes ago
6.06 million coins may look like a small amount, but when the actual dump hits, liquidity drying up will make it even more volatile—a warning that both longs and shorts could be wiped out.
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FundingHunter
13 minutes ago
First Review
With fewer tokens on exchanges, selling pressure is naturally lighter, but the key is still whether a new narrative can absorb it.
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