PANews, December 7—According to a Cointelegraph report, analyst Milk Road stated that the amount of ETH stored in centralized cryptocurrency exchanges has dropped to an unprecedented low, which could lead to a supply squeeze. According to Glassnode data, the amount of ETH held on exchanges is at a low of 8.8%, which is basically the lowest level since the network launched in mid-2015. Since early July, the amount of ETH on exchanges has decreased by 43%, coinciding with the accelerated growth in Digital Asset Treasury (DAT) purchases. By comparison, the amount of Bitcoin held on exchanges is higher, at 14.7%.
Milk Road believes that ETH is continuously being moved into areas where it is hard to sell, such as staking, restaking, layer 2 network activity, DAT, collateral loops, and long-term custody, suggesting that the tightening supply could drive prices higher. “Currently, market sentiment is gloomy, but sentiment does not determine supply. ETH’s supply is quietly tightening, and the market is deciding the next move. When this gap disappears, the price will rise accordingly.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH 15-minute rally up 0.70%: Shorts liquidated and on-chain capital inflows converge to lift prices
2026-04-11 16:30 to 16:45 (UTC), ETH’s return rate was +0.70% within 15 minutes, with a price range of 2246.84 - 2273.89 USDT and a swing of 1.20%. During this period, market attention increased, with on-chain activity and trading volume rising in tandem, and volatility amplifying in the short term.
The main driving factor behind this abnormal move is that short-side funds in the derivatives market were forced to stop losses. According to data across the network, the funding rate was -0.002%, indicating short positions have the upper hand; however, the ETH short liquidation amount ($8.89M) was significantly higher than
GateNews36m ago
BlackRock withdrew 2,700 BTC and 30k ETH from a certain CEX
Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.
GateNews1h ago
Ethereum co-founder Joe Lubin: The Ethereum Strategy mode can enable better allocation through staking rewards
Bitmine chairman Tom Lee shares Joe Lubin’s interview, discussing Ethereum’s potential. Joe Lubin points out that earning yield through staking ETH, compared with Bitcoin, allows Ethereum to achieve higher asset appreciation and drive a transition in its profit model.
GateNews7h ago
Crypto Options Alert: Bitcoin and Ethereum Set for $2.2 Billion Expiry Event - U.Today
The crypto market faces a $2.2 billion options expiry, primarily for Bitcoin ($1.9 billion) and Ethereum ($328 million). With both currencies recovering in value, upcoming expirations may exert upward pressure, supported by bullish trading positions.
UToday8h ago
NewsAlert: Trump Issues Iran Ultimatum – How BTC, ETH, And XRP is Reacting
Trump raised the temperature again with a fresh Iran deadline and warnings of overwhelming force. The rhetoric was extreme, and markets treated it as immediate macro risk.
To be precise, widely cited reports quote Trump saying Iran could be destroyed “in one night” if no deal is reached, not
LiveBTCNews11h ago
