Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Here’s how the market reacted to FLOKI Inu’s Metaverse addition

    June 18, 2023

    Assessing BTC's unusual trajectory in the aftermath of the FED meeting

    September 22, 2023

    Coinbase engages with Indian regulators, eyes market re-entry after year-long hiatus

    February 13, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      World Liberty Financial Nets Trump Family Crypto Billions

      September 12, 2025

      Bitchat downloads spike in Nepal amid national unrest

      September 11, 2025

      Franklin Templeton & Binance Join Forces on Digital Assets

      September 10, 2025

      Metaplanet Now Holds 20,136 BTC After $15M Buy

      September 9, 2025

      WLFI finds a bull in the chaos, trader expects a comeback

      September 7, 2025
    • Technology

      Upbit Teases New Blockchain Project “Giwa” with Countdown

      September 12, 2025

      Why DeFi tokens are set for 1000% rally – A trillion-dollar opportunity?

      September 11, 2025

      Blockchain Powers Jack Ma’s $8-B Ant Group Energy Asset Strategy

      September 10, 2025

      Upbit unveils GIWA, a fast Ethereum Layer 2 with 1-second blocks

      September 9, 2025

      Crypto.com Expands Beyond App With Web-Based Staking and Yields Hitting 19%

      September 7, 2025
    • Learn/Guide

      Tether to launch US-based stablecoin USAT

      September 12, 2025

      Byreal launches Real Farmer copy farming product on Solana with Bybit backing

      September 11, 2025

      Almanak launches alUSD on Pendle with 1.25x Almanak Points boost for LPs and YT holders

      September 10, 2025

      Solana DeFi TVL hits all-time high at $12.2B

      September 9, 2025

      MegaETH partners with Ethena to launch native stablecoin USDm

      September 8, 2025
    • NFTs

      Slimesunday’s Magnum Opus: ‘Banned from New York’ Blows the Lid Off Digital Censorship | NFT CULTURE | NFT News | Web3 Culture

      July 22, 2025

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025
    • Regulation

      South Korea Opens Venture Funding to Crypto Firms, Ending 7-Year Ban

      September 12, 2025

      GENIUS Act Loophole Risks Draining Small Banks, Senator Warns

      September 11, 2025

      Legal Ruling Shields Cook, Slows Trump’s Fed Shake-Up and Crypto Risk

      September 10, 2025

      SEC Has 32 Days to Decide on Solana Spot ETF

      September 9, 2025

      SEC Moves Against Market Abuse With New Cross-Border Fraud Unit

      September 7, 2025
    • Business

      Metaplanet Is About to Drop $881M Into Bitcoin, Here’s the Timeline

      August 27, 2025

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Bitcoin and Ethereum Supply Plummet to Record Lows Unseen Since 2015 and 2017
    News

    Bitcoin and Ethereum Supply Plummet to Record Lows Unseen Since 2015 and 2017

    May 20, 20234 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin (BTC) and Ethereum (ETH)
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Amid the tussle between the bulls and bears in the crypto market over the past week, the circulating supply of both Bitcoin (BTC) and Ethereum (ETH) has reached record lows, triggering speculation about the potential impact on the cryptocurrency market.

    Data provided by Santiment reveals a significant decrease in the amount of BTC and ETH held on exchanges, suggesting a shift in investor behavior.

    Bitcoin And Ethereum Supply Plummets On Exchanges

    According to Santiment’s data, the circulating supply of BTC on exchanges currently stands at a mere 5.7%, marking its lowest level since December 2017 when the cryptocurrency surged to an all-time high of $20,000.

    Similarly, the supply of ETH on exchanges has dropped to 10.1%, the lowest since its inception in 2015. This trend indicates that crypto investors are actively buying and withdrawing their coins from exchanges, opting for alternative storage methods.

    Santiment tweeted earlier today:

    Bitcoin & Ethereum both continue to quietly see more and more of their existing supplies move into self custody. Though not a perfect indicator, declining coins on exchanges generally hint at future bull runs, given enough time playing out.

    Notably, one key reason behind the declining supply of BTC and ETH on exchanges, particularly in the case of Ethereum, is the increasing popularity of staking. Ethereum 2.0’s transition to a proof-of-stake (PoS) consensus mechanism has provided ETH holders with the opportunity to stake their coins and participate in securing the network while earning rewards.

    Stakers lock up their ETH in specialized wallets, ensuring its active involvement in the network’s operations rather than leaving it idle on exchanges. This shift towards staking is motivated by the desire to earn passive income and contribute to the long-term growth and security of the Ethereum ecosystem.

    On the other hand, the Bitcoin decrease on exchanges is not so clear, however, the possible reason can be attributed to investors looking to keep their BTC holdings for a long time. This could be due to the feared upcoming global recession which has made many turn to the idea of saving funds for the supposed “rainy days.”

    Implications On The Crypto Market

    The dwindling supply of Bitcoin and Ethereum on exchanges could have significant implications for the broader cryptocurrency market mostly positively. Firstly, it suggests a decreasing selling pressure as fewer coins are readily available for trading. This “hints at future bull runs,” according to Santiment.

    With a limited supply on exchanges, potential buyers might face greater difficulty acquiring these digital assets, leading to increased demand and potentially driving up the prices of both Bitcoin and Ethereum.

    Additionally, the reduced presence of BTC and ETH on exchanges may indicate a growing confidence among long-term holders. Investors are likely becoming more inclined to hold their coins in secure wallets or participate in staking, signaling a belief in the future potential and value appreciation of these cryptocurrencies.

    This shift in behavior reflects a maturing market where participants are increasingly focused on the underlying technology and long-term prospects rather than short-term trading.

    Bitcoin (BTC)’s price moving sideways on the 4-hour chart. Source: BTC/USDT on TradingView.com

    Regardless, both BTC and ETH haven’t made any significant movement in the past week. BTC’s price has experienced little upward trend up by 0.3%. BTC has surged from a low of $26,819 seen last Saturday to trading as high as above $27,000 on Thursday.

    Ethereum (ETH)’s price chart on TradingView
    Ethereum (ETH)’s price is moving sideways on the 4-Hour chart. Source: ETH/USDT on TradingView.com

    In contrast, ETH’s price has experienced a slight upward trend up by 0.6% in the past week. ETH has surged from a low of $1,795 last Saturday to trading above $1,800, at the time of writing.

    -Featured image from Shutterstock, Chart from TradingView





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    World Liberty Financial Nets Trump Family Crypto Billions

    September 12, 2025

    Bitchat downloads spike in Nepal amid national unrest

    September 11, 2025

    Franklin Templeton & Binance Join Forces on Digital Assets

    September 10, 2025

    Metaplanet Now Holds 20,136 BTC After $15M Buy

    September 9, 2025
    Top Posts

    Coinbase Wrapped Staked ETH is Trading -8.48% Below Our Price Prediction for Mar 11, 2024

    March 6, 2024

    Pump.fun rumored to launch incentive campaign with $PUMP rewards to claw back market share from LetsBONK

    July 27, 2025

    OECD introduces tax reporting framework for crypto industry

    June 11, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    World Liberty Financial Nets Trump Family Crypto Billions

    September 12, 2025

    Bitchat downloads spike in Nepal amid national unrest

    September 11, 2025

    Franklin Templeton & Binance Join Forces on Digital Assets

    September 10, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.