Author: Bitcoin News
Exchange exodus 💸
View in browser Together with The amount of Ethereum on exchanges is nearing a 5-year low—about 15% of the total supply. Normally when funds flow off exchanges, it’s a bullish sign that investors are content to HODL. But not always. A large portion of ETH got pulled from exchanges and stashed in hardware wallets after FTX collapsed, Glassnode noted. It’s…
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Plus, ether on exchanges hits low not seen since 2016 May 26, 2023 The latest moves in crypto markets, in context By Lyllah Ledesma, CoinDesk reporter Was this newsletter forwarded to you? Sign up here. Happy Friday! Here’s what you need to know today in crypto: DCG is shuttering its trade execution and brokerage…
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