Ethereum balance on exchanges drop to historic low, reduces risk of major sell-off By BTC Peers

July 2, 2021 John Ethereum 0

© Reuters. Ethereum balance on exchanges drop to historic low, reduces risk of major sell-off

According to a tweet from data research firm Santiment, the number of on crypto exchanges has dropped to historic levels.

Santiment reports that the total balance of Ethereum on trading platforms has fallen below 18 percent, hitting levels that were last seen in November 2018. The firm believes that investors are moving their ETH stash into cold storage, and by so doing have lowered the likelihood of a major ETH sell-off in the near future.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.