#Ethereum exchange supply dropped over 1M ETH (5.5%) in the past month, signaling strong accumulation.
This sharp outflow suggests investors are moving ETH to cold storage, reducing sell pressure.
The trend reflects growing bullish sentiment and long-term confidence in ETH.
BY Technical CRYPTO Analyst
The S&P 500 slumped 1.8% on Monday and Tuesday, thanks to China Evergrande, the Chinese property company that looks like it is ready to default on its more-than $300 billion in debt. Cries of the next Lehman Brothers—or maybe the next Silverado?—echoed through the canyons of Wall Street as investors prepared for the worst.
Mr. Durov launched Telegram in late 2013 with his brother, Nikolai, just months before he was pushed out of VK, the Russian social-media platform he founded. Mr. Durov pitched his new app—funded with the proceeds from the VK sale—less as a business than as a way for people to send messages while avoiding government surveillance and censorship.
Technical CRYPTO Analyst from ru