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CEX Ethereum Inventory Drops to Lowest Level Since July 2016, Down 6.7% in Q3 So Far
Summary: According to reports, The DeFi Report founder Michael Nadeau shared that the supply of ETH is experiencing real-time impact. In Q3 so far, ETH on CEX has decreased by 6.7%, reaching the lowest level since July 2016. With ETH treasury-like companies implementing on-chain strategies to increase yield and per-ETH holdings, this number is expected to ...
According to reports, The DeFi Report founder Michael Nadeau shared that the supply of ETH is experiencing real-time impact. In Q3 so far, ETH on CEX has decreased by 6.7%, reaching the lowest level since July 2016.
With ETH treasury-like companies implementing on-chain strategies to increase yield and per-ETH holdings, this number is expected to continue to decline.
More capital flowing into on-chain activities may trigger stronger reflexivity effects, where market activity and fundamentals further improve with price trends.
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Link: CEX Ethereum Inventory Drops to Lowest Level Since July 2016, Down 6.7% in Q3 So Far [Copy]