Santiment states that about 5.6% of Bitcoin is held on exchanges, while Ethereum remains near historically low exchange balances.
Santiment data indicates that Bitcoin exchange-held supply has dropped to roughly 5.6%, the lowest level since 2018, and has stayed stable over the past month. The update also says Ethereum remains near historic lows in exchange supply. Exchange supply refers to the share of a cryptocurrency held on trading platforms, a metric closely watched because lower balances can indicate fewer coins readily available for sale.