ETH supply on centralized exchanges down 73% from 2020 peak, Santiment says

Ethereum supply on major centralized exchanges has fallen about 73% to 6.06 million ETH from a 2020 peak of 22.9 million ETH, according to on-chain analytics firm Santiment. Santiment attributed the decline to staking, ETFs, corporate treasury adoption and long-term holding, saying ETH available on exchanges has continued to shrink. The firm added, "시장 수요가 크게 늘지 않더라도 거래소 내 유통량이 감소하면 상대적으로 작은 매수세로도 가격 변동은 커질 수 있다." According to CoinMarketCap, ETH was trading at $2,479.52, down 1.31%.