@BOMBERuss 20 March 2022 more from that month

The supply of #bitcoin on centralized exchanges fell to 2.51 million coins, updating the minimum since November 2018. This is evidenced by the data from #Glassnode. The outflow of #BTC from centralized trading platforms to safer custodial wallets may indicate that #market participants prefer long-term investment strategies. Another possible reason is sanctions against Russia, under which a number of #cryptocurrency exchanges have blocked user accounts from this region. Wanting to secure their assets, the latter prefer to independently control private keys. A similar trend is observed in relation to the second largest cryptocurrency by capitalization. The #Ethereum offer on centralized platforms has fallen to 21.6 million #ETH, having updated the minimum since September 2018. At the same time, the share of ETH blocked in the #DeFi protocol continues to be quite high. In October 2021, the indicator peaked above 28% — now this value is 27.55%. According to #CoinGecko, over the past seven days bitcoin has risen by 7.7%, Ethereum - by 13.5%. At the time of writing, the first asset is trading near $41,860, the second - $2,925.