2 weeks ago
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Key Takeaways
- BTC supply on exchanges: 5.6%, lowest since 2018, holding flat.
- ETH supply on exchanges: 4.6%, up from 4.2% ten days ago.
- Both still near record lows but diverging in direction.
- May 10 ETH inflow spike: approximately 240K ETH, chart’s largest bar.
- Current BTC netflow: -967.7 BTC. Current ETH netflow: -14.2K ETH.
What the supply percentages show
The percentage of each asset’s total supply held on known exchange wallets is one of the cleaner long-term behavioral signals in on-chain analysis: rising supply means holders are moving coins toward liquidity and potential sale, falling supply means the opposite. Santiment’s dual-asset chart tracking this metric for BTC and ETH, updated daily via Sanbase and spanning May 2025 to May 2026, shows two lines that declined together for most of the year befo...
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