PANews reported on March 24 that according to CoinDesk, based on data tracked by CryptoRank and Santiment, the amount of Ethereum (ETH) held in wallets linked to centralized exchanges has dropped to a 9-year low of 8.97 million coins. This is the lowest record since November 2015. The continuous outflow of tokens from centralized trading platforms may lead to a reduction in token supply on the market, potentially triggering a price surge. BTC is showing a similar trend, with its exchange holdings reaching a seven-year low, followed by a price spike.
