The amount of Ether on the exchanges is constantly decreasing! As you can see in the first picture, while the price of $ETH is increasing, the amount held by the exchanges continues to decrease every day. You can understand it better in the first picture.

In the second picture, the amount of ether increased in 7 days, 7k eth burned against 17k eth, is truly an excellent figure! 10k ETH per week

Newly launched ETFs #Bitcoin in Figure 3 currently have approximately $30 billion in AUM over a 138-day period. When we take the 7-day average, we get an inflow of roughly 1.5 billion dollars. Considering that ETH ETFs will have approximately 10-15% of BTC ETFs, according to experts, we get an average weekly inflow of ~$150 million or 38,000 ETH PER WEEK (at an average price of $4k), roughly 28,000 ETH based on the current weekly issuance.

Now, let's look at the second picture again. 10k eth is produced weekly and according to our calculation, the first entries are expected to be around 28k eth. In the first picture, there was the current amount of eth on the exchanges. It is not very difficult to set up the equation from here on. The stock markets are unable to meet the ever-increasing demand and the incredible rise of the price as a result of the supply-demand imbalance. This is not my guess, it is an inference we made in the light of the data provided to us by BTC ETFs.

#Binance #ETH $ETH