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Ether (ETH) Stored on Centralized Exchanges Hits 5-Year Low: Data
Ether balance on the centralized crypto exchanges has reached a five-year lowAccording to the latest data from Glassnode, there are currently 17.8 million ETH on exchanges – a level not seen since July 2016.
ETH Stored on Centralized Exchanges. Source: Glassnode* Such a trend is typically deemed bullish as it means the supply of the crypto-asset available for purchase is limited. Additionally, there’s not a lot of ETH ready to be sold immediately on CEXs.