Ethereum saw $320 million flow out of exchanges this week
According to blockchain analysis company IntoTheBlock, there has been a significant outflow of funds from ETH exchanges in recent weeks. This week, Ethereum's outflow of transactions amounted to $320 million, with outflows exceeding $1 billion in the past three weeks. Exchange fund outflows often indicate that investors are moving funds from centralized exchanges to private wallets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin retreats from $102K high amid hot job data and Federal Reserve projections
Bitcoin gurus see these BTC price levels hitting next as $100K holds
XRP market cap of $500B 'possible' within 6 weeks, says veteran trader
Market Expert Predicts Significant Bitcoin Correction Ahead
Trending news
MoreCrypto prices
More
