The stock of Ethereum in CEX has dropped to its lowest level since July 2016, and has decreased by 6.7% so far in Q3 of this year

BlockBeats News: On August 12th, Michael Nadeau, founder of The DeFi Report, shared in a post that the supply shock of ETH is unfolding in real time. So far in the third quarter, ETH on CEX has decreased by 6.7%. It has now dropped to the lowest level since July 2016. As ETH vault companies begin implementing on chain strategies to increase returns and per share ETH holdings, it is expected that this number will continue to decline. More capital flowing into the chain may trigger a stronger "reflexivity" effect, where market activity and fundamentals will further increase as price trends improve.