Ethereum on-exchange supply falls to a 10-year low

While the steadily declining prices have stolen virtually all headlines over the past month, Ethereum (ETH) on-exchange supply has also fallen back to levels not seen since mid-2016. Specifically, the total Ethereum supply on cryptocurrency exchanges sat at 16 million ETH on February 9, according to data available on CryptoQuant, while the asset itself was trading at around $2,000, down 34% on the monthly chart. Ethereum price and exchange supply. Source: CryptoQuant The drawdown has unfolded gradually rather than through a sharp drop, pointing to a sustained change in how holders are positioning their assets source: https://finbold.com/ethereum-on-exchange-supply-falls-to-a-10-year-low/