Tracks how much Ethereum is held on the biggest exchanges and how it’s spread out among the top Ethereum wallets. Measures: Ethereum holdings on top exchanges, Ethereum balances of top wallet addresses Reflects: How money is moving around and who’s holding the most Ethereum Interpretation: When more Ethereum piles up on exchanges, it could mean sellers are getting ready to dump. When less is on exchanges, selling pressure might be easing up. Context: Commonly analyzed alongside exchange inflows/outflows and whale wallet activity Tags: Category: On-chain Metric | Signal Type: Capital Flow | Market Scope: Network-level
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