The fluctuation in Ethereum prices has led to the lowest level of exchange reserves since 2016

Bitget App

Trade smarter

Bitget2024/09/06 02:14

As of August, the balance of Ethereum (ETH) on exchanges has significantly decreased. There were 14 million ETH at the beginning of this year, and the exchange reserves have gradually reduced to below 12.5 million by the end of June, and dropped to a low point of about 11.7 million ETH in early August, which is the lowest level since 2016. This coincides with a period of price volatility for Ethereum, fluctuating from around $4,000 in March to a sharp decline at the end of July.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

Becent: The proposal for a "$2,000 tariff-funded dividend" requires Congressional approval

The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 44.4%, while the probability of keeping rates unchanged is 55.6%.