
However, a report from CryptoOnchain has emerged, presenting a supply-side data point that warrants our utmost consideration. It appears that Ethereum reserves on Binance have dwindled to a mere 3.31 million ETH, the lowest level observed since the early days of 2021. One cannot help but marvel at the significance of this figure, especially when it invites a comparison most striking. The last occasion upon which Binance found itself in possession of such a paltry quantity of ETH, the price fluctuated around a modest $590. Since that time, our dear asset has risen nearly fourfold, and yet, the supply available for sale on one of the world’s largest exchanges has not followed suit, opting instead for a path of continuous decline.