Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin: What This Means For Price

Quick Summary:

IntoTheBlock highlighted this ongoing behavior on social media platform X, drawing attention to Ethereum’s weekly net outflow from exchanges reaching $1 billion.  Interestingly, this movement is not exclusive to Ethereum.

Examining The Ethereum $1 Billion Outflow The notable outflow of Ethereum from crypto exchanges is highlighted by the ‘Aggregated Exchange Netflow’ data from IntoTheBlock.

Ethereum has witnessed a huge surge in on-chain activity in the past week, with data showing an accumulation trend from crypto exchanges.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Ethereum ETH Cryptocurrency Market News Crypto Altcoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-17 @ 19:00:20 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 68 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23637467

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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