Ether share held on exchanges drops to record low 3.74% of supply
AI Market Summary
Exchange-held ETH has fallen to a record-low 3.74% of supply (Santiment), reducing immediately sellable inventory and tightening spot liquidity. The decline is attributed to near-record staking and growing corporate treasury holdings, including BitMine's reported 5.85M ETH (~5% of supply). Relative to BTC, whose exchange balance has risen recently, this positioning suggests stronger structural holding pressure in ETH near term.
Impact level
● Medium
Affected assets
ETH/USDT+1.92%
AI Insight · ETH/USDTAI Insight
▲ Bullish
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The portion of ether held on cryptocurrency exchanges has slid to a new low, with exchange balances now accounting for 3.74% of total supply, according to Santiment.
The figure has fallen from about 5% in late February, leaving less ETH readily available for sale. Bitcoin's comparable metric stands at 6.66% and has edged higher in recent weeks.
Santiment attributes the decline to near-record staking levels and corporate treasury accumulation. It notes that BitMine alone holds roughly 5.85 million ETH, close to 5% of total supply.
