Analysis: ETH exchange balance reaches 8-year low, spot ETF listing may trigger supply shock

Odaily News Lark Davis, a cryptocurrency analyst, wrote on X that Glassnode data showed that the ETH exchange balance reached an 8-year low, and only 10% of the ETH circulating supply is currently in CEX. He also analyzed that with the Ethereum spot ETF expected to start trading within two weeks, a large amount of institutional funds will pour in, and a large-scale supply shock is coming.