BlackRockparattai

ETH supply on exchanges is dropping like a rock

If you are not extremely bullish on #Ethereum for the rest of the year, you're doing it all wrong

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defidegen Oct 16, 2021

Shhh

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defidegen Oct 16, 2021

Seriously, delete this

Google partyhat Oct 16, 2021

You want to see volume going up during a pump.

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defidegen Oct 16, 2021

This isn't about volume. People are withdrawing their ETH and going onto mainnet to play in DeFi and buy NFTs

BlackRock parattai OP Oct 16, 2021

Simple theory -less supply ,more demand -more price discovery

Intuit djfnrorjrj Oct 16, 2021

Can you drop a link?

BlackRock parattai OP Oct 16, 2021

https://cryptoquant.com/overview/eth-exchange-flows You may need to sign up to see all the charts

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TVSE42 Oct 16, 2021

What is your FIRE number for ETH ? How much ETH is needed for that ?

BlackRock parattai OP Oct 16, 2021

Depends on your FIRE target $$$, let’s say you want $1M then probably you need 40 ETH (it’s conservative numbers ) for $1M in next 10 years

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TVSE42 Oct 16, 2021

Oh, you think it will hit $25k? I also like that it produces yield through staking.

Square lIIlIIlIl Oct 16, 2021

Mmyea ive seen this song and dance during the last run up. All this means jack shit, just need bitcoin to keep pumping and the rest will follow.