Cryptocurrency analytics company Alphractal has released an impressive report on Ethereum (ETH). For the first time in history, the amount of ETH flowing from the exchange exceeds the amount the exchange can accumulate, according to the company’s data.
Alphractal said billions of dollars worth of ETH have left central exchange in recent months, causing serious contractions on the supply side.
The company’s particular focus was on exchange flow balance metrics. This metric measures the net balance between exchange inflow and outflow. High values indicate that the exchange is increasing ETH reserves, whereas low or negative values indicate that the exchange is not accumulating sufficient funds, indicating a shortage of supply.
According to Alphactal, the indicator has been negative for the first time, suggesting that both institutional and retail investors in Ethereum have reached record levels.
The company describes the current situation as “the most powerful market production interest in Ethereum’s history,” warning that this could move significantly across the market in the short term.
*This is not investment advice.
