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Ethereum records net outflows from exchanges of $978 million.$ETH
The Ethereum market has shown significant movement in its on-chain metrics over the past week, with net outflows from exchanges reaching approximately $978.45 million. This figure is interpreted by some analysts as a sign of accumulation by investors who took advantage of the recent price correction.
This flow pattern indicates that a larger amount of ETH is leaving centralized platforms for private or long-term wallets, a behavior that may have direct implications for the liquidity available in the market.
👉 What do ETH outflows from exchanges mean?.
The 'Exchange Netflow', a metric that reflects the net difference between inflows and outflows of assets in centralized exchanges, remained in negative territory for Ethereum during the past week. This indicates that the amount of ETH withdrawn far exceeded that deposited.
When this indicator is positive, it is often associated with a greater intention to sell, as users send funds to exchanges. Conversely, a negative value may suggest accumulation and withdrawal of assets for custody or long-term investment purposes.
In concrete terms, Ethereum's Exchange Netflow registered a negative balance of $978.45 million, confirming a significant withdrawal of ETH from trading platforms. This movement occurred in a context of price weakness, reinforcing the reading of purchases during the decline by some market participants.
