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Home Crypto News Analysis During One Year, 1/3 Of Ethereum Supply On Exchanges Has Been Moved...

During One Year, 1/3 Of Ethereum Supply On Exchanges Has Been Moved Out

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Santiment data shows that 1/3 of Ethereum current supply has moved from exchanges into personal wallets.

The circulating supply decreased from 24% down to 16% from September 26, 2020, till today.

Read: Bitfinex Just Spent $23.7 Million In Fees To Transfer 100,000 USDT In A Single Ethereum Transaction


 

 

A period of accumulation accelerates when an asset’s value increases rapidly. Investors are forced to withdraw funds from the exchanges as they are not willing to sell their holdings. When the supply of Ethereum began to fall on exchanges from September 2020, ETH prices increased by 1000%. The majority of Ethereum owners are holding their coins at a profit of 68%.

Read: AMC, The Biggest Cinema Chain Worldwide With 1004 Theaters, 11,041 Screens To Start Accepting Ethereum, Bitcoin Cash And Litecoin

If on-chain data shows a rapid rise in exchange flows, then the accumulation period is considered over. The price of the underlying assets usually drops dramatically after the accumulation period is over.

 

With the rise of alternative investment options, such as lending and liquidity provisions, Ethereum’s development was much faster than the 2017 bull run. Investors may choose to reinvest their coins instead of keeping them on the market or selling them.

Read: Standard Chartered, A British Banking Giant, Released Its First Report On Crypto Predicting Ethereum To Reach $35,000 In Long Term

The current locked value in the Defi sector is $85 billion, with ATH of $95 billion on September 6. According to the current trend, Ethereum holders would rather keep their assets in personal wallets and Defi smart contracts than on exchanges.

Read: Ethereum 2.0 Deposit Contract Now Holds Above 7.7 Million Ethereum Worth More Than $25 Billion

 

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Albert Brownhttps://thecryptobasic.com/
Albert Brown is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. Holds major cryptocurrencies and has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

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