Ethereum (ETHUSD)

[ap17]

From nutshell:

ETHEREUM EXCHANGE BALANCES ⚖️
Today we’ll be taking a look at the amount of Ethereum available for sale on exchanges.

This metric is super simple but extremely useful.

As always, here’s how to interpret the chart:

Decreasing exchange balances: Bullish indicator as it signals a shift towards long-term holding 🐂

Increasing exchange balances: Bearish indicator as coins being transferred to exchanges are more likely to be sold 🐻


Currently there is only 12,840,422 ETH available for sale on exchanges.

That’s ~10.73% of the entire circulating supply. And it effectively puts this metric at an all time low.

In fact, as a percentage there’s even less Ethereum on exchanges than Bitcoin.

That’s insane, considering Bitcoin’s exchange balances are already exceptionally low.

It just goes to show how good Ethereum’s supply dynamics are right now.🐂

Things are looking real good for Ethereum.

Even better if (when) the ETFs are eventually approved.