Crazy Ethereum Liquidity Crunch Spotted on OKX
Analysis
Price Impact
HighThe decrease in ethereum holdings on okx suggests a reduction in readily available supply on a major exchange. if demand remains constant or increases, particularly with the anticipated positive sentiment from the 'fusaka upgrade', this liquidity crunch could significantly impact price.
Trustworthiness
MedThe reported eth holdings data comes directly from okx's proof-of-reserve report, which is verifiable. however, the interpretation of this data as a 'liquidity crunch' and its direct bullish implications, especially concerning an upcoming upgrade, involves analytical speculation.
Price Direction
BullishA shrinking supply of eth on exchanges, coupled with the potential for increased demand driven by a major network upgrade ('fusaka upgrade' on dec 3) known to improve scalability and user experience, creates a strong bullish scenario due to supply-demand dynamics. past upgrades have often led to price appreciation.
Time Effect
LongWhile the 'fusaka upgrade' provides a short-term catalyst, a sustained reduction in exchange liquidity, as implied by the report, could have a more enduring, long-term positive effect on eth's price, particularly if adoption and utility continue to grow post-upgrade.
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Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News OKX exchange has released its latest proof-of-reserve (PoR) report that shows a dip in users’ Ethereum holdings. According to the report, assets like Bitcoin and Tether (USDT) saw a significant jump, while Ethereum declined month-on-month. Advertisement Ethereum liquidity crunch incoming? OKX released the 37th proof-of-reserve report to maintain its transparency, a new normal among top crypto exchanges . According to the PoR report, OKX users’ Bitcoin holdings reached 130,439 BTC, a 3.15% surge from the 126,451 BTC recorded in September. Likewise, the USDT reserve jumped by 7.16% from 10,015,149,297 tokens in September to 10,731,848,196 USDT this month. This figure leaves a variation of 716,698,899 USDT, per the report. OKX has released its 37th Proof of Reserves (snapshot on Nov. 19). User BTC holdings reached 130k BTC, up 3.15% from Oct. 8 (+3,988 BTC). ETH holdings dipped 0.73% to 1.61m ETH (–11,848 ETH). USDT holdings rose 7.16% to 10.73b USDT (+717m USDT). https://t.co/xrIKKIm7Ut pic.twitter.com/t76x1FO0rt — Wu Blockchain (@WuBlockchain) November 29, 2025 However, Ethereum holders saw an 11,848 ETH shortfall as the 1,622,674 ETH recorded in September dropped to 1,610,826 ETH in the current month. The shortfall in Ethereum could come as a result of different reasons. While OKX users may be moving their assets to cold storage, it could also be that ETH holders are converting to stablecoins. Either way, the quantity of Ethereum on the trading platform is shrinking, a reality which, if spread to other trading platforms, can have a net benefit on ETH in the long term. Good time for ETH liquidity crunch That the amount of Ethereum on OKX is declining is a good omen in view of the coming Fusaka upgrade on Dec. 3. You Might Also Like Sat, 11/29/2025 - 12:04 'Rich Dad Poor Dad' Author Recommends Bitcoin as Tool to Get Rich While World Collapses By Caroline Amosun This update is billed to shift the paradigm in enhancing user experience and scalability on the broader Ethereum network. Going by past precedence, where the ETH price takes off after a significant upgrade, the likelihood of higher demand for Ethereum is higher in the weeks ahead. If this prediction plays out and the current ETH drain is sustained, the demand can push the price of ETH up in a significant way. As of writing, ETH was changing hands for $2,997, down by 1.88% in 24 hours, according to CoinMarketCap data. With the $3,000 level forming the most significant support and resistance, sustaining the level can shift the price of ETH in the long term. #Ethereum