Something big is happening in the world of Ether. The amount of Ether held on exchanges has dropped to its lowest level in over 10 years - a tiny 8.7%!
What's causing this big drop?
It seems more and more people are moving their Ether into staking and custody. This means they're choosing to lock up their Ether to help keep the network safe and earn some rewards, rather than leaving it on an exchange where it can be easily bought or sold.
- Less Ether on exchanges means less available to buy or sell.
- This could lead to a supply squeeze, making Ether more valuable.
- But it also means people might not be able to get their hands on as much Ether as they want, which could affect the price.
