$390 Million in Ethereum Withdrawn from Exchanges, Largest Exit in Over a Month
Ethereum has experienced its largest daily withdrawal in over a month, with more than 140,000 ETH (approximately $390 million) exiting exchanges. This trend suggests that outflows outweigh inflows, indicating accumulation by holders, which could be bullish for ETH's price.
Key Points
- Exchange Netflow indicates significant investor withdrawals.
- Recent data shows a sharp negative spike in Ethereum's Exchange Netflow.
- Earnings from Futures Open Interest reached an all-time high of about $20 billion.
- ETH price is currently around $2,750 after previously exceeding $2,800.
