Market Analysis
Neutral
CEX ETH Supply Drops 73% From 2020 Peak, Santiment Reports
Major centralized exchanges (CEXs) have seen Ethereum (ETH) supply drop to 6.06 million ETH from a 2020 high of 22.9 million ETH, representing a decline of approximately 73%, according to on-chain analytics firm Santiment.
The decrease is attributed to staking, ETFs, corporate treasury allocations, and long-term holdings, causing ETH liquidity to exit exchanges. Santiment noted that even without significant market demand growth, reduced exchange supply could lead to greater price volatility with smaller buying pressure.
As of CoinMarketCap data, ETH is trading at $2,479.52, down 1.31%.
Korean Source
This article is an English localization of a Korean-language crypto news report. Original headline: 데이터 "거래소 내 ETH 공급량, 2020년 고점 대비 73% 감소"