Last week, $1.8 billion worth of ETH flowed out of exchanges, setting a new high since December 2022
News from March 10th, according to data from IntoTheBlock, approximately $1.8 billion of ETH flowed out of exchanges last week, marking the highest weekly outflow since December 2022. Despite ongoing market pessimism about the price of ETH, this trend suggests that many holders view the current price level as a strategic buying opportunity.
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
Ethereum's net supply increased by 18,469 in the past 7 days
Swiss crypto bank Amina Bank completes DLT settlement test via Google Cloud
Data: Machi increases Ethereum long positions to $28.6 millions, with an entry price of $2,981.59
Nasdaq: Approval of its tokenized stock program by the SEC is now a top priority