How Ether's Shrinking Supply Could Mean $$$ for Investors!

Okay, folks. So apparently Ether reserves on exchanges are at their lowest point in almost nine years. That’s right—Ether hasn’t been this shy since July 2016 when it was trading at $14. Like, $14?! That’s practically what we pay for avocado toast these days. 🥑💸

Anyway, fast forward to today: we’re talking 18.95 million ETH as of Feb. 18. And it seems the crypto nerds are all hopeful this equals a market bottom, which is apparently the crypto equivalent of hitting rock bottom in therapy but, like, in a good way?

This whole “supply shock” thing means people are snatching up ETH faster than grandma grabs the last slice of pie at Thanksgiving 🍰, leaving exchanges a bit, you know, barren. The idea is if everyone wants ETH but the shelves are empty, prices will go up. Econ 101, people! Supply and demand—woo! 📈

But let’s not pop the bubbly yet. Despite all this promising stuff, Ether has been feeling a little… meh. It’s down 3.67% over the past year and 19% year-to-date, which honestly feels like my energy levels before coffee. ☕

So, Let’s Talk Scooping Ether Off Exchanges

The cool kids (read: investors) are moving their ETH into fancy cold storage wallets. And apparently, this is a big deal. Nicolai Sondergaard, who sounds like the name you’d give a James Bond villain, called this a “bullish” signal. What he’s basically saying is: “this is good.” Thanks, Nick. 🙄

“We are seeing similar trends for BTC, which makes me think if we a) are seeing demand outpaces supply and, or, b) is this a natural shift toward self-custody and cold storage.”

Translation: People are hoarding ETH and locking it away like it’s a limited-edition Barbie doll—because apparently, they’re bullish on the stuff. Just, you know, without the fun accessories.

But—and oh yeah, there’s ALWAYS a “but”—Ether needs to bust past $2,750-$2,800 first. And let me tell you, breaking resistance in crypto is about as hard as deciding what to watch on Netflix after scrolling for an hour. 🎢

Should Ether pull off this Herculean task, it could liquidate more than $822 million worth of short positions. And if you’re like me and just heard “liquidate” and thought of smoothies, rest assured it’s just a fancy finance term. 🥤

What’s the Next “Oh Wow” Moment for Ether?

Apparently, it’s staking ETFs. Yeah, I know, real party talk. But Marcin Kazmierczak (cool name, btw) thinks this could be a game-changer. He says:

“The potential introduction of staking ETFs could be a game-changer, further tightening Ethereum’s liquid supply and reinforcing its value proposition as a prime investment asset.”

In short: ETFs might make Ether feel like the Beyoncé of the crypto world—exclusive, valuable, and always trending 🐝. And there’s word from Joe Lubin over at Consensys that regulators might actually allow this staking wizardry.

2025-02-18 16:32

How Ether’s Shrinking Supply Could Mean $$$ for Investors!

So, Let’s Talk Scooping Ether Off Exchanges

What’s the Next “Oh Wow” Moment for Ether?

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