One million Ether (ETH) was removed from the exchange. This is equivalent to US$1.2 billion.
Trustnodes pointed out that this was one of the largest declines in a short period of time, probably due to the strengthening of investor positions as the price declined. Overall, since May of last year, Ethereum's reserves on the stock exchanges have fallen by 40%.
They were 10 million this week, compared to 14 million a few months ago. Reserves have not reached this level since July 2018.
This means that demand is significantly higher than supply.
The last time demand exceeded the supply of Bitcoin (BTC), the price of BTC quadrupled in 90 days. This is why this ETH "liquidity crisis" is seen as an extremely positive signal.
No conclusion too soon, but the price of the second crypto-money still has a bright future ahead of it.
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