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Data: Since June, the balance of ETH on trading platforms has decreased by 1.4 million, while the balance of BTC has increased against the trend
According to Santiment Intelligence monitoring, since June 3, the ETH exchange platform balance has decreased from about 7.69 million to about 6.28 million, a reduction of approximately 1.4 million, or about 18%. Since August 19, another approximately 275,000 ETH has flowed out of the exchange platform, bringing the current balance to the lowest level of this statistical period.
During the same period, the BTC exchange platform balance has increased by about 0.25%, currently approaching recent range highs. In this regard, Santiment stated that the decline in ETH exchange platform balance has not stopped due to the price increase; since August 16, while the ETH price has risen by about 27%, a large amount of ETH continues to flow out of the exchange platform.