As per PANews, analyst Milk Road noted that centralized exchange (CEX) Ethereum (ETH) holdings have fallen to an all-time low of 8.8%, according to Glassnode data. This marks a 43% decline since early July, coinciding with increased purchases by the Digital Asset Treasury (DAT). Milk Road suggests that ETH is being locked in less liquid areas like staking, restaking, Layer 2 activity, and long-term custody, signaling tighter supply and potential price increases.
CEX ETH Holdings Drop to 8.8% Historical Low, Analysts Predict Price Surge
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