Editor's PiCK
Major exchanges see 49,000 Ethereum net outflow in one day, mainly from Kraken and Coinbase
Minseung Kang
Summary
- It was announced that 49,000 Ethereum were net withdrawn from major exchanges over the past 24 hours.
- In particular, outflows of 26,500 and 26,000 Ethereum were confirmed from Kraken and Coinbase Pro, respectively.
- Generally, higher levels of Ethereum withdrawals from exchanges are known to indicate a higher possibility of price appreciation.
It was found that 49,000 Ethereum (ETH) were net withdrawn from major virtual asset (cryptocurrency) exchanges in a single day.
On the 5th, crypto-specialized media BlockBeats reported, citing Coinglass data, that "49,000 ETH were net outflowed from major centralized exchanges (CEX) over the last 24 hours."
Among them, Kraken had the largest outflow, with 26,500 ETH leaving the exchange. This was followed by 26,000 ETH withdrawn from Coinbase Pro and 24,400 ETH from OKX.
On the other hand, Bitfinex recorded a net inflow of 35,800 ETH, ranking first in terms of net inflows.
Usually, it is known that the more a particular coin is withdrawn from crypto exchanges, the higher the likelihood of its price increase.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
