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Data: Centralized trading platform Ethereum reserves have fallen sharply, decreasing by 10% in 24 hours

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At present, the reserve of Ethereum on the centralized trading platform may be less than 10 million.

Rhythm BlockBeats news, on January 15, according to CryptoQuant data, the number of Ethereum on the centralized trading platform has dropped sharply in the past two days, and the current reserve of Ethereum on the centralized trading platform is only about 8.1 million pieces.

Crypto analyst Alex Saunders emphasized that the extraction of Ethereum from centralized platforms is accelerating. He noted that on Jan. 14, Ethereum reserves on centralized platforms fell by 10%, falling from 11 million to 10 million in 24 hours. He predicts: "If the current rate continues, the trading platform may face a situation where there is no ETH available in 10 days."

Glassnode's data shows that since July 2018, the central exchange's ether reserves have not been this low. CryptoQuant data shows that since October 21, 2020, Bitcoin's reserves in the exchange platform have fallen by only 4.5%, while the relative price of Bitcoin has increased by 230%, from about $12,000 to $40,000.