Ethereum Sees Supply Decrease: Whales, ETFs Boost Demand

A new wave of buying is pushing Ethereum’s supply down to seven-year lows, potentially indicating a tightening market for the cryptocurrency. Data firm Glassnode reveals that exchange balances have plummeted sharply, leaving less ETH available for trading platforms. This trend coincides with the influx of institutional money into spot Ethereum ETFs and aggressive accumulation by large whales.