Summary
- This week, $1.4 billion worth of Ethereum was withdrawn from exchanges, marking the highest level since last November.
- It was added that this suggests more investors are looking to accumulate Ethereum.
- The large-scale Ethereum withdrawal from exchanges indicates a need to monitor the cryptocurrency market trends.
This week, the amount of Ethereum (ETH) withdrawn from cryptocurrency exchanges reached its highest level since November last year.
On the 9th (local time), IntoTheBlock announced on X, "This week's Ethereum outflow from exchanges has reached its highest level since November last year," adding that "the outflowed Ethereum amounts to $1.42 billion." They further noted that the increase in Ethereum outflow suggests that more investors are looking to accumulate Ethereum.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)