Exchange Supply of ETH and BTC Hits Historic Lows

According to Odaily, on-chain data platform Santiment has reported that the supply of Ethereum (ETH) on exchanges has dropped to 4.9% of its total supply, marking a 10-year low. Meanwhile, Bitcoin (BTC) exchange supply has decreased to 7.1%, the lowest level since November 2018. Over the past five years, the amount of BTC on exchanges has reduced by 1.7 million, while ETH has seen a decrease of 15.3 million.