Bitcoin and Ethereum are becoming scarcer on exchanges, which could mean traders are holding on to their assets.
are the two largest assets based on their market capitalizations. But recent data indicates that one of them is becoming scarcer.Starting at 16% in March 2023, it has declined to 10.66% as of the latest figures.
Typically, a decline in balance on exchanges implies that holders are withdrawing their assets from trading platforms. This data suggests that both assets have steadily accrued holders over the past few months, indicating sustained interest and adoption.The increase in the number of holders also aligns with the declining balance of these assets on exchanges, as observed in previous analyses.
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