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🚨ETHEREUM'S EXCHANGE SUPPLY JUST HIT AN ALL-TIME LOW
ETH held on exchanges has fallen to just 14.5m ETH, the lowest level on record.
More than 6 million ETH has been withdrawn from exchanges since late 2023, as ETFs and corporate treasury buyers continue accumulating.
🇺🇸🗽 The US Government has moved an additional $216K worth of assets from the seized FTX/Alameda funds, bringing the total to $984K.
Assets include:
$LINK$AAVE$CHZ$BAL
🏦 #BTC Whales Quietly Bought the $60k BTC Dip
“At the $60k–$61k bottom, the Exchange Whale Ratio surged to 61.6%, proving that whales completely dominated buy-side activity and absorbed the panic.”.
The share of ETH supply sitting at more than 3x profit has dropped to 11%, the lowest reading since February 2017.
What makes this cycle structurally different?
In the previous two cycles, this cohort exceeded 50% of total supply at peak. This time, that threshold was never reached. ETH's profitability profile has fundamentally compressed relative to prior cycles.
Decided to log off for a bit and do something rare in Web3.
So I took a mini tour around the University of Ibadan, soaking in the fresh air, greenery, and peaceful vibes.
A needed reset.
One of the beautiful tree-lined roads inside UI.
Touch grass occasionally.
The markets will still be there when you get back.
University of Ibadan tour complete.
Fresh air collected.
Steps counted.
Grass touched.
Back to the grind.
Always DYOR. #UniversityOfIbadan#UI#CampusLife#Web3Life#TouchGrass