Ether reserves held on exchanges fell to a new multi-year low as ETH price struggles to trade above $2,000. Will the supply crunch benefit bulls or bears?The balanceEther reserves held on exchanges fell to a new multi-year low as ETH price struggles to trade above $2,000. Will the supply crunch benefit bulls or bears?The balance
Ether supply on exchanges drops to multi-year lows: Here’s why it matters
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
Ether reserves held on exchanges fell to a new multi-year low as ETH price struggles to trade above $2,000. Will the supply crunch benefit bulls or bears?
The balance of Ether (ETH) held on exchanges has slid to a multi-year low, with more than 31 million ETH leaving centralized exchanges in February, marking the largest monthly withdrawal since November.
While the ETH price remained near $2,000, derivatives data show a split between small buyers and larger sellers, raising the question of how the price may respond if demand becomes uniform across both retail and whale wallets.
Crypto analyst Arab Chain said that more than 31.6 million ETH left major exchanges in February, the highest monthly outflow since November. Binance led with roughly 14.45 million ETH withdrawn, nearly half of the total. OKX followed with about 3.83 million ETH, and Kraken recorded close to 1.04 million ETH.
Read more
Market Opportunity
Ethereum Price(ETH)
$2,130.38
$2,130.38$2,130.38
USD
Ethereum (ETH) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Gold Price Holds Steady Near $5,150 as Soaring Geopolitical Tensions Fuel Safe-Haven Rush
BitcoinWorld Gold Price Holds Steady Near $5,150 as Soaring Geopolitical Tensions Fuel Safe-Haven Rush Global financial markets witnessed a significant flight
Share
bitcoinworld2026/03/05 08:45
Ron DeSantis smacked down in court for trying to declare civil rights group terrorists
A federal judge issued a scathing order on Wednesday, blocking Gov. Ron DeSantis (R-FL) from declaring a prominent civil rights group a terrorist organization.Under
Share
Rawstory2026/03/05 08:21
GBP trades firmly against US Dollar
The post GBP trades firmly against US Dollar appeared on BitcoinEthereumNews.com. Pound Sterling trades firmly against US Dollar ahead of Fed’s policy outcome The Pound Sterling (GBP) clings to Tuesday’s gains near 1.3640 against the US Dollar (USD) during the European trading session on Wednesday. The GBP/USD pair holds onto gains as the US Dollar remains on the back foot amid firm expectations that the Federal Reserve (Fed) will cut interest rates in the monetary policy announcement at 18:00 GMT. At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto losses near a fresh two-month low of 96.60 posted on Tuesday. Read more… UK inflation unchanged at 3.8%, Pound shrugs The British pound is unchanged on Wednesday, trading at 1.3645 in the European session. Today’s inflation report was a dour reminder that UK inflation remains entrenched. CPI for August was unchanged at 3.8% y/y, matching the consensus and its highest level since January 2024. Airfares decreased but this was offset by food and petrol prices. Monthly, CPI rose 0.3%, up from 0.1% in July and matching the consensus. Core CPI, which excludes volatile items such as food and energy, eased to 3.6% from 3.8%. Monthly, core CPI ticked up to 0.3% from 0.2%. The inflation report comes just a day before the Bank of England announces its rate decision. Inflation is almost double the BoE’s target of 2% and today’s release likely means that the BoE will not reduce rates before 2026. Read more… Source: https://www.fxstreet.com/news/pound-sterling-price-news-and-forecast-gbp-trades-firmly-against-us-dollar-ahead-of-feds-policy-outcome-202509171209
Share
BitcoinEthereumNews2025/09/18 01:50