Institutional Investors Withdraw 10% of Ethereum Supply from Exchanges
The price of the second-largest cryptocurrency fell below $4,000 as reserves on centralized exchanges hit a low not seen since 2016. At the time of writing, Ethereum is trading at $4,015. Ethereum reserves on trading platforms have been declining since mid-2020. Over the past two years, the available supply on exchanges has decreased by nearly 50%. The outflow accelerated...