Following the sharp pullback in price, Ethereum’s on-chain supply dynamics have now reached a striking milestone. This milestone is taking place on the ETH exchange reserves, which have experienced one of their steepest drop in years.
The majority of this ETH is not lost or abandoned. Rather, it is owned by investors, and they are not sitting on the sidelines. At the same time, Over-The-Counter (OTC) supply has also increased, but it is still far behind in comparison to the total supply of Ethereum.
Institutions Are Still Buying More ETH In Unfavorable Conditions
