Ethereum supply on Binance falls to lowest since May 2024 as whales bet bullish

The supply of the biggest altcoin, Ethereum, is drying up on the biggest crypto exchange as bulls take ￰0￱ from Binance shows that Ethereum’s exchange supply ratio has fallen sharply in recent ￰1￱ slipped to 0.034, the lowest since May ￰2￱ drop comes as ETH trades above $4,700, depicting a clear bullish ￰3￱ price has spiked by more than 13% over the last seven days. However, the cumulative digital assets market had printed green indexes all around as Bitcoin breached $127,000 for the first ￰4￱ bulls dig in as supply falls A low supply ratio typically indicates coins are being moved to cold wallets or long-term ￰5￱ reduces the immediately sellable ￰6￱ of now, traders seem to be confident in further upside while opting to HODL rather than cash out, stated CryptoQuant analysts.

Historically, similar periods of declining exchange supply have often resulted in major price rallies , and that too when volume remains ￰7￱ watchers note that if ETH’s supply ratio rebounds above 0.038, then it could signal renewed ￰8￱ now, the current balance between supply and demand suggests ￰9￱ eye a potential move toward $5,000 in Q4 2025, assuming the price remains above $3,800. Ethereum price has spiked by 75% over the last 90 days, outperforming Bitcoin with a huge ￰10￱ is trading at an average price of $4,634 at press ￰11￱ 24-hour trading volume is up by 26% to stand at $46.5 ￰12￱ ETFs and treasuries lock 12.5M Ether Ether’s institutional footprint continues to ￰13￱ from Strategic ETH Reserve shows that treasury companies and spot ETFs now hold 12.48 million ￰14￱ is now over 10% of the total Ether ￰15￱ companies HODL 5.66 million ETH (4.68% of supply) while spot ETH ETFs account for 6.81 million ETH (5.63% of supply).

This reflects an increasing confidence in Ethereum as a yield-generating asset among investors. ETH-linked ETF inflows have surged in recent months as public firms like BitMine and SharpLink are following a playbook reminiscent of Bitcoin treasury ￰16￱ gave a strong start to US spot ETH ￰17￱ posted more than $800 million in net inflows for the ￰18￱ is up from $285.7 million in September and on the way to match the $3.9 billion in ￰19￱ reported that its unrealized profits have now surpassed $900 million since launching its ETH treasury strategy in early ￰20￱ all the positive runs, a dormant whale has been active over the past two ￰21￱ offloaded 30,000 ETH (worth $138.4 million) to exchanges at an average price of $4,612.

It moved 23,278 ETH (worth $109.3 million) into two new ￰22￱ whale originally received 123,687 ETH (worth $19 million at an average price of $153.9) from an exchange in April ￰23￱ the recent sell-offs, the whale still holds 70,785 ETH (worth $332.4 million) across four ￰24￱ $50 free to trade crypto when you sign up to Bybit now