Analysis: ETH exchange balance hits an 8-year low, the listing of spot ETFs may trigger a supply shock
Cryptocurrency analyst Lark Davis posted on X stating that Glassnode data shows the balance of ETH in exchanges has reached an 8-year low, with only 10% of circulating ETH supply currently located in CEX. He also analyzed that a massive supply shock is imminent as a large amount of institutional funds will pour in with the expected start of Ethereum spot ETF trading within two weeks.
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