Ethereum Bullish Signal: Exchange Outflows Hit Highest Level In 2 Years

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🚨 ETH Price About to Skyrocket? 🚨

<a href="https://minority-mindset.com/eth-usd/">Ethereum</a> Bullish Signal: Exchange Outflows Hit Highest Level In 2 Years

It seems that the Ethereum holders have finally woken up from their slumber and are withdrawing their coins from the exchanges. This, my friends, is a beautiful sight to behold! 🌞

Ethereum Exchange Flow Balance Has Seen A Deep Red Spike Recently

According to the wise folks at Santiment, investors have been withdrawing ETH from exchanges recently. The “Exchange Flow Balance” metric, which keeps track of the net amount of Ethereum entering or exiting centralized exchanges, has seen a deep red spike. And by deep red, I mean a beautiful shade of crimson that screams “BULLISH!” 🐂

When the Exchange Flow Balance is positive, it means the exchange inflows are outweighing the outflows, which can lead to a bearish outcome for ETH. But, as we all know, the investors are not as dumb as they look, and they’re making net withdrawals from the exchanges. This, my friends, is a sign that they’re looking to hold onto their coins for the long term, which can naturally be bullish for the asset’s price. 🤩

Now, let’s take a look at the chart that shows the trend in the Ethereum Exchange Flow Balance over the last few months:

As you can see, the Ethereum Exchange Flow Balance has seen a couple of large negative spikes recently, which means that a large amount of ETH has left the exchanges. During this outflow spree, the asset saw a 24-hour period with some historically high withdrawals. Ah, the sweet taste of victory! 🎉

There was a historic milestone of ~224,410 ETH moving away from exchanges in the 24 hours between February 8th and 9th. This was the most amount of net coins moving off of known exchange wallets in a single day in 23 months.

At the current exchange rate of the cryptocurrency, this 224,410 ETH amount converts to around $596 million. And, as you can see in the chart, the Supply on Exchanges metric has witnessed a sharp plummet to 9.63 million ETH, which is the lowest level since August of last year. Ah, the sweet taste of defeat for the bears! 😂

The Ethereum price has been struggling recently, but the fact that the large investors of the market have been making net withdrawals could be a positive sign for things to come. That said, Santiment also cautions, “just be mindful of the fact that Ethereum’s performance in 2025 will still largely be dictated by Bitcoin’s own ability to stay afloat and try to rebound back to ATH levels.” Ah, the eternal optimist! 🌈

ETH Price

Ethereum has been unable to make any notable recovery from its crash earlier in the month as its price is still floating around the $2,600 mark. But, as we all know, the price is not the only thing that matters. The real question is, will the holders continue to withdraw their coins, or will they finally realize that the party is over? 🎉

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2025-02-12 14:43