The amount of Ether (ETH) on cryptocurrency exchanges has dropped to its lowest since May 2018, with 10.66 million coins currently situated on centralized platforms. On the contrary, 115.88M ETH is now outside of exchanges, an all-time high. On October 4, 110,000 ETH (worth over $180 million) moved off of exchanges, suggesting reduced selling pressure and investors’ long-term convictions.The supply of Bitcoin (BTC) on exchanges has also gone down to a 5-year low of 5.73%. Sharks and whales have been accumulating BTC, with the top 1% of Bitcoin addresses holding almost 19.3 million coins. This means that they control more than 66% of the circulating supply.
This News Article was automatically generated by Bob the Bot (AI)
Information |
Details |
Geography |
Global |
Countries |
|
Sentiment |
neutral |
Relevance Score |
8 |
People |
None |
Companies |
Santiment, PrimeXBT, CryptoPotato, Binance, None |
Currencies |
Ethereum, Bitcoin |
Securities |
None |