TheBullduck
Is there an Ethereum supply shock on the horizon?
The Ethereum supply is melting like an athlete running a marathon on a hot summer day. The current amount of ETH burned after London Hardfork 96,409 and keep increasing. Additionally, when we look at the CQ ETH 2.0 Staking Rate data, it shows us that more than 6% of the total supply is locked to ETH 2.0 What is looking even more bullish to me is that ETH reserves on CEX dipped to 18.98 million and deposits across all the CEX substantially plunged.