BULLISH 📈 : Investors withdraw 475,000 ETH from exchanges as price dips below $2,000

475,000 ETH left exchanges in the first week of June as price dipped below $2,000. Flows point to accumulation while June stays seasonally weak for Ethereum.

  • Exchange balances started June at 3.87 million ETH; over 475,000 ETH withdrew within a week. CryptoQuant, details
  • Price fell below $2,000, aligning with outflows and bargain buying. source
  • June closed green only 3 times in a decade for ETH. stats
  • Average June return: -7.59%; median: -8.64%. September worse at -10.2% average, -12.7% median. data, context
  • June ranks as ETH’s second-worst month historically. reference

Major outflows hit Binance, Bitfinex, OKX, and Gemini during the week, not just one venue. more

Ethereum exchange reserves trend
Ethereum monthly returns by month

Headline: 475,000 ETH leave exchanges in early June as price falls below $2,000