Ethereum and Bitcoin face historic supply squeeze – THESE 2 metrics reveal what’s next
The post Ethereum and Bitcoin face historic supply squeeze – THESE 2 metrics reveal what’s next appeared on BitcoinEthereumNews.com. Despite months of market volatility, Ethereum and Bitcoin holders continue showing little interest in returning coins to exchanges. This does represent much more than decreased investor trading enthusiasm. Persistent withdrawals continued reducing the amount of liquid supply available on the market. As of press time, the total number of Bitcoins stored on exchanges was at an all-time low for any time period since 2017. At the same time, the total number of Ethereum [ETH] stored on exchanges was also at an all-time low for any time period since 2015. Source: Santiment Simultaneously, ongoing negative Netflows indicate that institutional and longer-term holders prefer to store their coins using self-custody models such as ETFs or corporate treasuries rather than storing them on exchanges. Therefore, this migration will remove additional coins from potential