Ethereum exchange balances drop to lowest since 2015, potentially triggering supply squeeze

Mars Finance news, according to Cointelegraph, the proportion of Ether held by centralized exchanges dropped to 8.7% last Thursday, setting a new record low. Glassnode data shows that since early July, ETH balances on exchanges have decreased by 43%, mainly flowing into staking, restaking, Layer 2, corporate treasuries, and long-term custody—channels that are not easily sold. Analysts point out that, compared to Bitcoin’s exchange holdings still at 14.7%, Ether is entering the tightest supply environment in history, which could trigger upward price momentum.