BTC and ETH Exchange Balances Hit Multi-Year Lows

BTC2.00%
ETH1.18%
According to Odaily and CoinDesk, BTC and ETH balances on centralized exchanges have hit multi-year lows recently. Analysts attribute the decline to a shift of crypto assets toward institutional custody, ETF holdings, DeFi protocols, and other on-chain uses. Additionally, more BTC and ETH are being held long-term by companies seeking sustained price appreciation.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments