Ethereum’s exchange supply has fallen to its lowest level in nearly a decade, which could soon drive buyers to compete and push prices higher, according to analysts.
A CryptoQuant contributor says Bitcoin’s recent Open Interest (OI) wipeout was a “natural market reset,” calling it a crucial step for the uptrend to continue.
While CryptoQuant's CEO claims the Bitcoin bull run “is over” for now, many analysts disagree, citing the rise in global M2 money supply as a bullish signal.