Ethereum’s On-Chain Demand Soars: Record Reserves Decline Signals Shift in Investor Behavior

Ethereum is experiencing a critical transition in its market dynamics, as exchange reserves plummet to their lowest point ever recorded. This decline coincides with a surge in on-chain activity, reflecting a shift in investor behavior and network fundamentals. A key indicator of this shift is the increasing supply of Ethereum held outside centralized exchanges, signaling increased adoption of alternative solutions like staking and cold storage.