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© 2026 The Markets Unplugged · Data in. Conviction out. - Published with Ghost & Aspect

Ethereum Supply is Tightening—Price Isn’t the Only Signal

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    On-chain and alt-sector research at The Markets Unplugged. Creator of the Bitcoin Barometer, Ethereum Barometer, Alt Sector Radar and ETH Rotation Index. Host of the Crypto Unplugged podcast.
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  • May 30, 2025
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Ethereum Supply is Tightening—Price Isn’t the Only Signal
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Exchange Supply Is Still in Decline

Ethereum's exchange reserves continue to shrink, and that’s not a coincidence. The latest data shows ETH balances across centralised exchanges are now below 19.5 million, marking a 35% reduction from the ~30 million held in June 2022.


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Doc Doc
On-chain and alt-sector research at The Markets Unplugged. Creator of the Bitcoin Barometer, Ethereum Barometer, Alt Sector Radar and ETH Rotation Index. Host of the Crypto Unplugged podcast.
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