🔒 Ethereum’s exchange supply keeps disappearing. This chart shows 6.06M ethereum:native on exchanges now, down from 22.9M at the network’s June 2020 peak. 📉 That’s a 73% drop in easily sellable exchange supply. Less ETH on exchanges means fewer coins sitting near order books, market sells, and panic exits. 🏦 The supply drain has real support. ETH is being pulled into staking, ETF wrappers, treasury strategies, and long-term custody, with validators locking ETH to secure the network. 🧲 The signal is simple. Demand doesn’t need to explode when liquid supply keeps shrinking, because smaller buying waves can move price harder when fewer coins are ready to sell. 🔗 Live Chart: https://app.santiment.net/charts/eth-supply-on-exchanges-32107?utm_source=x&utm_medium=post&utm_campaign=eth_supply_on_exchanges_b_091426&aff=3