Ethereum Volatility Soon? Derivatives Exchanges Receive 82,000 ETH In Deposits

Quick Summary:

Now, here is a chart that shows the trend in the Ethereum Exchange Netflow for the derivatives platforms over the last few weeks: As displayed in the above graph, the Ethereum Exchange Netflow has seen a large spike into positive territory recently, which suggests the investors have just made large net deposits to the derivatives platforms.

Related Reading: Bitcoin Faces Threat Of Falling To $63,000 Despite Rising Odds For Trump’s Election Victory In the case of spot exchanges, investors usually make deposits whenever they want to sell, so positive exchange netflows to platforms of this type can lead to a bearish outcome.

On-chain data shows derivatives exchanges have just received large Ethereum deposits, something that could lead to volatility in ETH’s price.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: United KingdomIndiaJapan

Topics: Ethereum Derivatives Netflow Ethereum Ethereum volatility ETHUSDT Ethereum exchange inflows Ethereum ETH

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 10:00:39 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 405 words

Reading Time: 3 minutes read

Sentences: 69 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 23445497

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