Ethereum Exchange Reserves: Centralized exchange reserves of Ethereum (ETH) have fallen to a nine-year low, influenced by significant institutional accumulation from firms like BlackRock and Sharplink Gaming.
Institutional Holdings Surge: There has been a 128% increase in institutional ETH holdings, indicating strong interest from major players in the market.
Market Volatility Expectations: The decline in reserves is expected to lead to increased price volatility, with historical trends suggesting that similar supply drops have previously resulted in price rallies.
Shift Towards Self-Custody: A growing preference for self-custody and staking among retail holders, along with regulatory scrutiny on centralized exchanges, is driving these market dynamics.
