Recently, I saw a data point that gave me chills—the amount of Ethereum available for trading on exchanges has dropped to its lowest point since 2015.

What does this mean? The ETH that can be bought and sold on the market at any time is disappearing at an accelerating pace.

Even more astonishing are the buyers behind this trend. Last week, crypto mining company BitMine directly scooped up 138,000 ETH, increasing their purchasing speed by 156% compared to before. They’re not even trying to hide their goal: to acquire 5% of ETH’s total supply. Hoarding at this level is something ordinary players simply can’t do.

On the other hand, the doors of traditional finance are quietly opening. A few days ago, a major US bank officially announced that starting in 2026, their wealth advisors can formally recommend Bitcoin and Ethereum ETFs to clients. This is basically a green light for compliant funds—those institutional investors who could only watch from the sidelines now finally have a way to enter the market.

Connecting these two clues makes things really interesting:

On the supply side, ETH on exchanges is rapidly depleting, and whales are locking up even more;
On the demand side, Wall Street’s channels are just being laid out, and institutional capital hasn’t even truly started flowing in.

When the coins available for sale on the market keep shrinking, while buying pressure comes from both whales and institutions—this kind of extreme supply-demand mismatch has never ended quietly in history.

So here’s the question: If this wave really takes off, how high could ETH go this time? Will BTC follow suit?

The market never lacks stories; what it lacks are people who truly understand them.