Ethereum [ETH] investors’ reaction to the recent price swings

Ethereum has fallen by over 5% in the past couple of days. Ethereum exchange supply has fallen to its lowest in almost five years. Ethereum [ETH] got off to a great start this year, working to regain the positions it had lost over the previous few months. Recent price movements, however, have stopped the increasing […]

According to the indicator, the exchange supply reached its lowest level in nearly five years. It made up almost 11% of the entire supply as of the time of writing, down from over 11% in December and almost 15% in November.

It showed that fewer people were transferring their holdings to exchanges and instead wanted to keep them in their wallets.Comparing another similar metric with the exchange supply metric revealed a distinct pattern of token movement on and off exchanges. outflows in recent days than inflows. It is safe to infer that the fall in price spurred withdrawal rather than a sell-off, given the amount of outflow’s dominance on the exchange Netflow indicator and the decline in exchange supply.

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