According to data tracked by Cryptorank and Santiment, the number of Ether (ETH) held in wallets related to centralized exchanges has dropped to 970,000 tokens of 8.97 million tokens.
This is the lowest stat since November 2015.
Continuous Exodus of coins on centralized trading platforms may lead to a decrease in the availability of coins on the market, which may lead to higher prices.
“Investors continue to shift ETH to refrigeration volumes, reducing available liquidity. BTC’s trend was similar when the exchange reserve ratio reached a seven-year low in January, followed by a sharp rise in prices,” he said. Cryptorank says.
Number of BTC held on centralized communication beat After the seven-year low on January 13, the price rose from about $90,000 to more than $109,000 from the following days.
