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ETH supply continues to shrink, exchange inventory has fallen to a seven-year low.
[比推] The supply shock of ETH is unfolding in real-time. In the third quarter to date, ETH on the exchange has decreased by 6.7%. It has now fallen to its lowest level since July 2016.
As ETH treasury companies begin to implement on-chain strategies to enhance yield and per-share ETH holdings, this figure is expected to continue to decline.
More capital flowing into the chain may trigger a stronger reflexivity effect, meaning that market activities and fundamentals will further improve with the enhancement of price trends.