Bullish case for Ethereum strengthens as exchange ETH outflows outpace Bitcoin
Cointelegraph
Published Mar 16, 2021 11:34AM ET
Updated Mar 16, 2021 06:00PM ET
Ether (ETH) reserves on exchanges are continuing to decline despite being at historic lows. This trend indicates a supply shortage of ETH across major trading platforms following the release of an Ethereum 2.0 deposit wallet for staking.
As Cointelegraph previously reported, staking neared $4 billion in January, leading to around 2% of ETH's supply being locked in the Eth2 deposit contract.
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Written By: Cointelegraph
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