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<ul class="news-points"> 
 <li><strong>CryptoQuant data indicated that top crypto exchanges have not been stocking up on much ETH over the past two years.</strong></li> 
 <li><strong>In 2023, exchanges like Coinbase and Gemini have less ETH than they did in April of 2021.</strong></li> 
 <li><strong>At press time, ETH was trading at $1,953.74 after a 0.38% price increase.</strong></li> 
</ul> 
<p>Data from the on-chain analytics platform CryptoQuant that was shared earlier this morning indicated that some of the most well-known crypto exchanges have not added much to their <a href="https://coinedition.com/ethereum-eth-price-prediction/">Ethereum (ETH)</a> reserves over the past two years. This is in stark contrast to the massive Bitcoin (BTC) accumulation by exchanges leading up to the 2024 halving event.</p> 
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   <p lang="en" dir="ltr">How have the dynamics of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a>, and <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a> reserves from multiple exchanges have changed?<br><br>How have the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Bitcoin</a> hodlers have reacted to each halving cycle?<a href="https://twitter.com/BenjiBrannan?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@BenjiBrannan</a> prepared a live dashboard.<br><br>Thread<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/bBez9EWdnV" target="_blank" rel="nofollow">pic.twitter.com/bBez9EWdnV</a></p>— CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1676048119593857026?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">July 4, 2023</a>
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<p>CryptoQuant’s data indicated that Coinbase, Binance, and Gemini were the top 3 exchanges that had the largest ETH reserves back in April of 2021. These exchanges had 24.9 billion ETH, 14.5 billion ETH, and 11.6 billion ETH in their reserves respectively durin…</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/data-reveals-lackluster-growth-of-eth-reserves-on-exchanges/">Data Reveals Lackluster Growth of ETH Reserves on Exchanges</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Data Reveals Lackluster Growth of ETH Reserves on Exchanges

Coin Edition

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