Supply crunch: since July the total ETH on exchanges have shrunk with 4M.
Is this why we see ETH climbing towards 5k and new ATH?
https://cryptoquant.com/asset/eth/chart/exchange-flows/exchange-reserve?exchange=all_exchange&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line
Posted by Gubbie99
2 Comments
[removed]
well, if theres massive buy it will trigger an upward squeeze but otherwise, having low supply and low demand means its even. We need institution buy ins to trigger this