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Analysis: ETH exchange balance reaches 8-year low, spot ETF listing may trigger supply shock

Analysis: ETH exchange balance reaches 8-year low, spot ETF listing may trigger supply shock

Odaily2024/06/18 15:09
By:Odaily
Odaily News Lark Davis, a cryptocurrency analyst, wrote on X that Glassnode data showed that the ETH exchange balance reached an 8-year low, and only 10% of the ETH circulating supply is currently in CEX. He also analyzed that with the Ethereum spot ETF expected to start trading within two weeks, a large amount of institutional funds will pour in, and a large-scale supply shock is coming.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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