Ether Supply on Centralized Exchanges Hits 9-Year Low

Ether Supply on Centralized Exchanges Hits 9-Year Low

Source: CoinDesk

Published:2025-03-24 09:17

BTC Price:$87365

#eth #exchange #supplyshock

Analysis

Price Impact

High

Eth supply on centralized exchanges has hit a nine-year low, potentially leading to reduced market availability and a price surge. a similar trend was observed with btc.

Trustworthiness

High

The analysis is based on data from cryptorank and santiment, reputable sources for tracking cryptocurrency exchange balances. the comparison to btc's price surge after hitting a similar low further supports the analysis.

Price Direction

Bullish

Reduced eth supply on exchanges suggests decreased selling pressure and increased scarcity, potentially driving the price upward.

Time Effect

Short

The btc example showed a price surge in the days following the supply decrease, suggesting a short-term impact.

Original Article:

Article Content:

BTC $ 87,360.79 + 3.61 % ETH $ 2,091.96 + 3.88 % USDT $ 1.0002 + 0.01 % XRP $ 2.4637 + 3.10 % BNB $ 627.84 + 1.00 % SOL $ 140.08 + 6.66 % USDC $ 1.0001 - 0.01 % DOGE $ 0.1764 + 3.50 % ADA $ 0.7287 + 2.55 % TRX $ 0.2282 - 4.13 % WBTC $ 87,274.42 + 3.58 % LINK $ 15.26 + 6.98 % TON $ 3.6969 + 0.23 % AVAX $ 21.82 + 11.51 % LEO $ 9.7492 + 0.03 % XLM $ 0.2888 + 3.83 % HBAR $ 0.1920 + 4.33 % SHIB $ 0.0₄1315 + 1.46 % SUI $ 2.3932 + 5.56 % LTC $ 93.56 + 1.64 % Ad Sign Up News Back to menu News Prices Back to menu Prices Data Back to menu Data Trade Data Derivatives Order Book Data On-Chain Data API Research & Insights Data Catalogue AI & Machine Learning Indices Back to menu Indices Multi-Asset Indices Reference Rates Strategies and Services API Insights & Announcements Documentation & Governance Research Back to menu Research Consensus Back to menu Consensus Sponsored Back to menu Sponsored Videos Back to menu Videos CoinDesk Daily Shorts Editor's Picks Podcasts Back to menu Podcasts CoinDesk Podcast Network Markets Daily Gen C Unchained with Laura Shin The Mining Pod Newsletters Back to menu Newsletters The Node Crypto Daybook Americas State of Crypto Crypto Long & Short Crypto for Advisors Research Back to menu Research Webinars & Events Back to menu Webinars & Events Consensus 2025 Policy & Regulation Conference Sponsored Back to menu Sponsored Thought Leadership Press Releases CoinW MEXC Phemex Advertise News Sections Back to menu News Sections Markets Finance Tech Policy Focus English Select Language English en Русский ru Italiano it Español es Filipino fil Français fr Português pt-br Українська uk News Prices Data Indices Research Consensus Sponsored Sign In Sign Up Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Ether Supply on Centralized Exchanges Hits 9-Year Low The number of ether held in wallets tied to centralized exchanges has dropped to the lowest since November 2015. By Omkar Godbole | Edited by Parikshit Mishra Mar 24, 2025, 9:17 a.m. UTC FastNews (CoinDesk) What to know : Ether (ETH) held in centralized exchanges has hit a nine-year low of 8.97 million tokens. The exodus of coins may lead to reduced market availability and potential price surge. A similar trend was observed with BTC, which saw a price surge after hitting a seven-year low on exchanges. The number of ether (ETH) held in wallets tied to centralized exchanges has dropped to an over nine-year low of 8.97 million tokens, according to data tracked by CryptoRank and Santiment. That's the lowest tally since November 2015. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The continued exodus of coins from centralized trading platforms may result in reduced availability of coins in the market, potentially leading to an upward price surge. "Investors continue moving ETH to cold storage, reducing available liquidity. BTC saw a similar trend in January when exchange reserves hit a 7-year low, followed by a sharp price surge," CryptoRank said . ETH supply on exchanges. (CryptoRank, Santiment) The number of BTC held on centralized exchanges hit a seven-year low on Jan. 13 following which prices climbed from roughly $90K to over $109K in the subsequent days. Ether Markets Exchange Blockchain FastNews Omkar Godbole Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member. Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses. Omkar holds small amounts of bitcoin, ether, BitTorrent, tron and dot. X icon About About Us Masthead Careers CoinDesk News Crypto API Documentation Contact Contact Us Accessibility Advertise Sitemap System Status DISCLOSURE & POLICES CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies . CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. Ethics Privacy Terms of Use Cookie Consent Do Not Sell My Info © 2025 CoinDesk, Inc. X icon