Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
Crypto Potato 2025-02-11 11:42:50

224,410 ETH Exit Exchanges in Biggest Ethereum Outflow in 2 Years

224,410 ETH Exit Exchanges in Biggest Ethereum Outflow in 2 Years

In the 24 hours between February 8 and 9, Ethereum holders reportedly moved more than 224,000 ETH from centralized exchanges, marking the largest net outflow in nearly two years. This sudden movement is an indicator of the growing belief in the cryptocurrency’s long-term potential. Rising Accumulation as Whales Strengthen Positions Santiment data shows that there are currently 9.63 million ETH, worth an estimated $26 billion, sitting in known exchange wallets. This is the lowest number since August 29, 2024. According to the crypto insights platform, when investors pull assets from exchanges, it usually suggests they are looking to hold rather than sell, therefore reducing the sell-side pressure and lowering the likelihood of major price drops. “When assets are moving away from exchanges, it is typically a signal of confidence by investors, who are content with holding for the long-term,” stated Santiment. However, the platform’s analysts noted that ETH’s performance this year will most likely be decided by Bitcoin’s ability to stay afloat and rebound to its all-time high. Interestingly, the outflow has come in tandem with the number of Ethereum whales rising by 2.3% since the beginning of February. According to well-regarded crypto expert Ali Martinez, this accumulation is signaling growing accumulation and reinforcing the bullish sentiment among large investors, even as ETH’s price remains under pressure. Additionally, a recent CoinShares report also indicated that Ethereum led weekly crypto inflows for the first time in 2025, beating BTC. Traders poured nearly $800 million into ETH-related products, compared to only $407 million that went into the number one cryptocurrency. Mixed Signals as Short Positions Mount However, despite the underlying bullishness, hedge funds have dramatically increased short positions on ETH, rising 40% in a week and 500% since November 2024. Historically, such extreme bearish positions can set the stage for a short squeeze , where rapid price increases force short sellers to buy back an asset, further pushing up its value. Meanwhile, Ethereum spot exchange-traded funds (ETFs) registered record inflows in the last week, adding more than $854 million in that period. Some market observers feel that this institutional backing, coupled with decreasing exchange reserves, could mean that investors are positioning themselves for a potential rebound. At the time of this writing, the world’s second-largest cryptocurrency by market cap was trading at $2,715, a 2.6% improvement over 24 hours. However, across two weeks and one month, the coin’s value is down 15% and 16.1%, respectively. It is also still more than 44% below its ATH of $4,878 achieved over three years ago. The post 224,410 ETH Exit Exchanges in Biggest Ethereum Outflow in 2 Years appeared first on CryptoPotato .

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
696
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.