"Ethereum, $500 million withdrawn this week alone...large-scale accumulation continues"
JOON HYOUNG LEE
Summary
- It was reported that $500 million worth of Ethereum was withdrawn from centralized exchanges this week alone.
- Blockchain analysis platform IntoTheBlock revealed that this large-scale withdrawal indicates continued accumulation of Ethereum.
- It was noted that an increase in accumulation is typically interpreted as a bullish signal.
It has been revealed that Ethereum (ETH) worth $500 million has been withdrawn from centralized exchanges (CEX) this week alone.
Blockchain analysis platform IntoTheBlock announced on the 7th through its official X (Twitter) account that "$500 million worth of Ethereum was withdrawn from exchanges this week."
IntoTheBlock stated, "This shows that large-scale accumulation is continuing among Ethereum traders." Typically, an increase in accumulation is interpreted as a bullish signal.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
