Over 900K Ethereum Withdrawn From Exchanges In 10 Days – Bullish Surge On The...
Ethereum has been struggling to reclaim the $2,800 mark as support, leaving investors uncertain about the short-term direction of its price. The second-largest cryptocurrency has been unable to start a recovery rally, with analysts increasingly calling for a bearish continuation. The negative sentiment has been fueled by Ethereum’s underwhelming performance compared to market expectations, keeping […]
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In the last 11 days, traders have withdrawn over 900K Ethereum (worth over $2.45B). Whales had also bought over 280K Ethereum ($756M) as of yesterday. What this means is less selling pressure and more price stability for the second-strongest cryptocurrency. $ETH is currently $2,700, a 2.4% increase in the last week, and community sentiment is […]
$9 billion in Ethereum was withdrawn from exchanges within the past three days, suggesting that whales might be accumulating. A Massive 2.2M ETH Exited Exchanges In The Last Three Days Alone As pointed out by a CryptoQuant post, on-chain data shows around $9 billion in Ethereum was taken off exchanges in the past few days. The indicator of relevance here is the “exchange reserve,” which measures the total amount of ETH present in exchange wallets. When this metric’s value goes down, it means investors are withdrawing their Ethereum from exchanges. Such a trend may be a....
Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase held close to 1 million BTC for its users. In fact, in January 2020, Coinbase had around 969,000 BTC and the next month, it was up to its highest point of 973,000 BTC on February 10, 2020. But all year long, not only from Coinbase, but also a slew of....
Investors are accumulating Ethereum in droves amidst what could become a return to bullish sentiment for the cryptocurrency. Ethereum is currently ranging around $3,170, with its price undergoing volatility in the past seven days. Amidst this price volatility, on-chain data has revealed an accumulation trend from Ether investors during the week. Additionally, transaction data has shown an uptick in whale movement of ETH to and from exchanges, with recent market happenings indicating a transformation in the price of the crypto asset. Related Reading: All Quiet On The Bitcoin ETF Front –....
More than $1 billion worth of Ether has been withdrawn from centralized exchanges within a 24-hour period. It's the second time this year and the price went vertical last time. More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation about imminent price gains for Ethereum as supply shrinks on many trading venues.According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth ETH was withdrawn from centralized exchanges on Sept. 16 to mark a new record in short-term outflows from exchanges.IntoTheBlock noted....