Ethereum whales sell as 169,770 ETH exits exchanges

Ethereum whales sell as 169,770 ETH exits exchanges

Ethereum’s early investors have reportedly sold another 4,000 ETH across two wallets as Santiment has recorded the network’s largest daily net exchange outflow in more than four months. Lookonchain identified the transactions in separate posts on Oct. 23 and Oct.…

Ethereum Exchange Outflows Hit 169,770 ETH, a 4-Month High

Ethereum exchanges recorded a one-day net withdrawal of 169,770 ETH, the largest single-day outflow in more than four months, according to on-chain analytics platform Santiment, as the move drew attention from market participants tracking exchange-held supply as a potential forward indicator for ETH price dynamics.Read more...

Ethereum Exchange Supply Drops $407 Million While ETF Money Keeps Leaving

A four-month high in ETH exchange withdrawals is colliding with more than $1 billion in October ETF outflows, creating a split supply-and-demand signal around $2,400.

4,000 ETH Reach Kraken as Tracked Exchange-Linked Wallets Record Four-Month Outflow High

Two wallets linked to early Ethereum holders sent the ETH on Oct. 22 and 23. The transfers do not confirm completed sales.

Ethereum outflows hit 4-month high - Why ETH price still risks $2,300

Ethereum registered its largest daily exchange outflows in four months, with 169,770 ETH leaving exchanges as traders anticipate a recovery.

Ethereum sees biggest exchange withdrawal in four months as October ETF losses top $1 billion

About 169,770 ETH left centralized exchanges on net in one day, Santiment reported Oct. 23, the largest daily withdrawal in more than four months and worth about $407 million at the $2,400 reference price. The last bigger episode came June 5, when roughly 223,800 ETH left exchanges near what Santiment calls a local buying opportunity.… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Cat…