Mars Finance News: The current amount of ETH held by centralized exchanges has dropped to 8.97 million coins, reaching a nine-year low since November 2015. CryptoRank noted that investors are continuously transferring ETH to cold wallets, reducing market circulation supply, which may drive price increases. A similar trend previously occurred with BTC - after BTC exchange reserves dropped to a seven-year low in mid-January, the price rose from around $90,000 to over $109,000.
ETH spot holdings in CEX dropped to a nine-year low, with only 8.97 million remaining
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