The amount of Ethereum on centralized exchanges hits lowest level since 2016. Supply slashed by half over two years, down to 14.8 million ETH. Exchange balances falling as institutional accumulation rises. Net outflows increasing as investors move assets to cold storage, staking, or DeFi for higher yields. Exchange net position change tops -2 million ETH.

Corporate treasuries aggressively accumulating Ether, holding over 2% of total supply. 68 entities scoop up 5.26 million ETH, representing 4.3% of entire supply. Majority staking for additional yields, not holding on exchanges. US spot Ether ETFs see increased inflows, totaling 6.75 million ETH.

Analyst sees “Wall Street glow-up” for Ethereum. Treasuries stacking ETH, exchange supply at 9-year low. Predictions of $10K to $15K by year-end. Ether prices fall over 11% in past week, dropping below $4,100. Hayes predicts ‘up only’ for crypto, concerns over ETH staking exit queue.

Read more at Cointelegraph: Ethereum Exchange Balances Drop To Nine-Year Low Amid Corporate Buying