Ethereum & Bitcoin: Exchange Supplies Plummet, Range-Bound Prices

On-chain data reveals a significant shift in the landscape for Ethereum and Bitcoin. The amount of these cryptocurrencies held on exchanges has hit record lows – under 4.9% for Ethereum and 7.1% for Bitcoin – marking historical milestones. This decline suggests a growing preference among investors to hold their assets offline in private wallets, potentially reflecting long-term investment strategies or migration towards decentralized finance (DeFi) platforms and staking mechanisms. 📈 🔒