Ether reserves on centralized exchanges have fallen to their lowest level since November 2015, signaling a continued trend of investors moving assets into cold storage.
Data from CryptoRank and Santiment shows that the amount of ether (ETH) held in exchange-linked wallets has declined to just 8.97 million tokens—an over nine-year low.
This steady outflow from centralized platforms could reduce the available supply of ETH in the market, potentially contributing to a price increase.
“Investors are increasingly transferring ETH to cold storage, which tightens liquidity. A similar pattern was observed with BTC in January when exchange reserves dropped to a seven-year low, leading to a sharp price surge,” CryptoRank noted.
Bitcoin’s exchange balance hit a seven-year low on January 13, shortly before its price surged from around $90K to over $109K in the following days.
