With the approval of the spot ETH ETF, a large amount of ETH has been withdrawn, with more than $3 billion worth of ETH being transferred in just ten days. Holders prefer to transfer ETH to self-custodial accounts for long-term holding rather than selling immediately. This behavior may lead to a supply crunch of ETH in the market, further exacerbating demand pressure for ETH. Currently, the percentage of circulating ETH supply held by exchanges has dropped to its lowest level in years, at only 10.6%. Ether will face a tight supply situation or cause price increases! Friends, hold on to your chips! Waiting for the arrival of the Hulk!