Supply Migration

Definition ∞ Supply migration refers to the movement of a significant quantity of a digital asset from one type of holding or platform to another, often indicating a change in investor behavior or market conditions. This could involve moving assets from exchanges to cold storage, from one blockchain to another, or into staking protocols. It reflects active asset reallocation.
Context ∞ Crypto news frequently monitors supply migration patterns as a key on-chain metric to infer market sentiment and potential future price action. For instance, a migration of tokens from exchange wallets to private wallets often suggests accumulation and reduced selling pressure. Understanding these movements helps analysts assess investor conviction and the supply-demand dynamics of various digital assets.