🚹 ETH on-chain snapshot

📊 Exchange reserves

‱ ~16.2M ETH on CEX

‱ Lowest level in ~8 years

→ Sellable supply remains tight

đŸ“„ Recent exchange inflows

‱ Weekly net inflow: ~25,700 ETH

‱ ≈ 0.16% change

→ No sustained inflow spike

🐋 Whale movement

‱ Single large transfer: ~91,900 ETH

‱ Value: ~$280M

→ Isolated event, not systemic flow

🔒 ETH locked / illiquid

‱ ~27%+ of total supply staked

‱ Millions of ETH removed from liquid circulation

đŸ”„ Supply burn

‱ ETH burned daily during high activity

‱ Net issuance stays flat to deflationary in peak usage

📈 What this tells me:

Low exchange supply.

Controlled inflows.

Whales moving — but not unloading.

On-chain structure stays constructive.

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