Ethereum Exchange Supply Hits Historic Lows Amid Growing Treasury Accumulation

Ethereum supply on exchanges has dropped to 6.06 million ETH, a 73% decline from its June 2020 peak, as tokens move into staking, ETFs, and long-term custody. Analysts suggest this supply drain could amplify price movements. Meanwhile, BitMine has continued its accumulation strategy, now holding 5,956,378 ETH, representing 4.9% of the total supply, with a goal of reaching 5%. Market participants are currently bracing for volatility ahead of the CLARITY Act vote and the upcoming FOMC meeting.