Ethereum Is Disappearing From Exchanges Fast: Here’s Where All the ETH Is Going

• Ethereum's tradable supply on exchanges has dropped to a record low of 3.49%, with 1.16% moving off exchanges since June 1, primarily due to increased staking and DeFi usage.
• Approximately 35% of Ethereum is staked, and around $53 billion is locked in DeFi, leading to fewer tokens available for immediate trading.
• Despite recent price fluctuations, Ethereum's network activity remains strong, with rising Priority Fees indicating increased demand for block space, suggesting potential price recovery if support levels hold.

https://cryptopotato.com/ethereum-is-disappearing-from-exchanges-fast-heres-where-all-the-eth-is-going/