"Ethereum, 3116 net outflows from major exchanges in 24 hours...9200 ETH withdrawn from OKX"
Minseung Kang
Summary
- It reported that a total of 3115.95 Ethereum (ETH) were net withdrawn from major exchanges in 24 hours.
- In particular, it said OKX exchange withdrew 9229.13 Ethereum, the largest amount.
- It noted an interpretation that if an exchange's Ethereum net outflows increase, there is a higher possibility of a price rise.
Withdrawals of Ethereum (ETH) from major cryptocurrency centralized exchanges (CEX) have increased, prompting observations that net outflows are continuing.
On the 4th, crypto-focused media BlockBeats, citing CoinGlass data, reported "a total of 3115.95 Ethereum were net withdrawn from major exchanges in the past 24 hours."
By exchange, OKX had the largest amount with 9229.13, followed by Bybit with 4927.56 and Bithumb with 3123.38. Meanwhile, Bitfinex recorded net inflows of 10,190 Ethereum, ranking first in inflow volume.
It is generally known that the more a particular coin is withdrawn from cryptocurrency exchanges, the more likely that coin is to rise.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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