Ethereum supply tightens as staked ETH reaches all-time high and exchange balances decline
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According to Bijie Network: Currently, over 30% of the total supply of Ethereum has been staked, reaching a historic high and effectively reducing a significant portion of Ethereum's daily trading volume. Meanwhile, the reserves of Ethereum on centralized exchanges have dropped to about 16.2 million, easing short-term selling pressure. The tightening liquidity may amplify future price fluctuations. As more Ethereum is used for long-term staking, the market structure is changing, which may also lead to increased volatility.
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