Data: The amount of Ethereum reserves on centralized trading platforms has dropped sharply, decreasing by 10% in 24 hours

According to BlockBeats, on January 15, according to CryptoQuant data, the number of Ethereums in centralized trading platforms has dropped significantly in the past two days. Currently, the reserves of Ethereum on centralized trading platforms are only about 8.1 million.

Crypto analyst Alex Saunders stressed that the rate at which Ethereum is being withdrawn from centralized platforms is accelerating. He pointed out that on January 14, the Ethereum reserves on centralized platforms fell by 10%, from 11 million to 10 million in 24 hours. He predicted: "If the current rate continues, trading platforms are likely to face a situation where there is no ETH available in 10 days."

Data from Glassnode shows that the reserves of Ether on centralized exchanges have not been this low since July 2018. CryptoQuant data shows that since October 21, 2020, the reserves of Bitcoin on exchanges have only fallen by 4.5%, while the relative price of Bitcoin has risen by 230%, from about $12,000 to $40,000.