#Strategy加仓BTC The supply side of Ethereum is experiencing the tightest moment in this cycle.

ETH balances on exchanges have been decreasing, with net outflows reaching the deepest and longest interval of this cycle. Large holders are quietly accumulating, and retail sell-offs are becoming increasingly rare to see.

Currently, the price remains stable above $3200. The highs are rising, and the lows are also climbing, moving upward on both ends. But the problem here is—truly sellable ETH is becoming increasingly scarce.

History will tell you that every time such a "supply vacuum" occurs, it is never the end of the story. Instead, it is a signal that a major market move is truly coming.