PANews reported on December 7th that, according to Cointelegraph, analyst Milk Road stated that the amount of ETH stored on centralized cryptocurrency exchanges has fallen to unprecedented lows, potentially leading to supply shortages. According to Glassnode data, ETH holdings on exchanges are at a low of 8.8%, essentially the lowest level since the network launched in mid-2015. The amount of ETH on exchanges has decreased by 43% since the beginning of July, which coincided with a period of accelerated growth in Digital Asset Treasury (DAT) purchases. In contrast, Bitcoin holdings on exchanges are higher at 14.7%. Milk Road believes that ETH is being pulled into areas where it's difficult to sell, such as staking, restaking, Layer 2 network activity, DAT, collateralized cycles, and long-term custody, suggesting that tightening supply could drive up prices. "Currently, market sentiment is low, but market sentiment doesn't determine supply. ETH's supply is tightening subtly, and the market is deciding the next move. When this gap disappears, the price will rise." PANews reported on December 7th that, according to Cointelegraph, analyst Milk Road stated that the amount of ETH stored on centralized cryptocurrency exchanges has fallen to unprecedented lows, potentially leading to supply shortages. According to Glassnode data, ETH holdings on exchanges are at a low of 8.8%, essentially the lowest level since the network launched in mid-2015. The amount of ETH on exchanges has decreased by 43% since the beginning of July, which coincided with a period of accelerated growth in Digital Asset Treasury (DAT) purchases. In contrast, Bitcoin holdings on exchanges are higher at 14.7%. Milk Road believes that ETH is being pulled into areas where it's difficult to sell, such as staking, restaking, Layer 2 network activity, DAT, collateralized cycles, and long-term custody, suggesting that tightening supply could drive up prices. "Currently, market sentiment is low, but market sentiment doesn't determine supply. ETH's supply is tightening subtly, and the market is deciding the next move. When this gap disappears, the price will rise."