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The market keeps ignoring one of the strongest signals in crypto: supply leaving exchanges.
BTC supply on exchanges is at multi-year lows, down another 1.5%.
ETH is experiencing an even more dramatic vacuum, with nearly 18% removed from exchanges as it gets parked into ETFs, DATs, and long-term custody solutions.
This isn’t retail panic.
This is institutional accumulation.
When liquidity dries up, volatility spikes — and historically, that volatility favors the upside.
We’re setting up for a supply shock nobody is prepared for.