Ethereum and Bitcoin Reserves on CEX at Record Low Levels

Recent data from CryptoQuant reveals a concerning trend in centralized exchange (CEX) reserves for both Ethereum and Bitcoin. The current ETH reserves on these platforms stand at 18.39 million ETH, hitting the lowest point since October 2022. A similar downward trajectory can be observed with Bitcoin, as CEX reserves have fallen to approximately 2.52 million BTC, reaching a new record low since that same month.