Ethereum Exchange Supply Hits Record Low
Ethereum’s supply held on cryptocurrency exchanges has fallen to a record low as ETH continues to recover. Santiment data cited by Benzinga shows that only 3.49% of Ethereum’s total supply is currently held on tracked exchanges, while another 1.16% of the supply has moved off exchanges since June. At the same time, ETH has gained around 10% over the past month and is trading above $2,600. Lower exchange balances mean fewer coins are immediately available for selling, although declining reserves alone do not guarantee further price gains. Staking and DeFi are also absorbing part of the circulating supply. Traders are meanwhile watching the $2,600–$2,550 area as potential downside liquidity if a short-term correction develops. For exchange users, changes in available ETH liquidity can affect conversion conditions and market pricing. Track ETH rates and exchange opportunities on xbit.money.