Why are $1.8 Billion ETH Running Away Like Bad Tinder Dates?

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Ethereum (ETH), the drama queen of the crypto world, is making headlines again. Over the last week, a whopping $1.8 billion worth of ETH has left exchanges. Yep, just packed its bags and stormed out. It’s giving us major “It’s not you, it’s me” energy. Oh, and this marks the biggest weekly withdrawal since that chilly December of 2022. Talk about holding grudges. 😅

According to on-chain analytics platform IntoTheBlock, this mass exodus isn’t just about ETH throwing temper tantrums—no, it suggests that holders might secretly be plotting to plant their stakes at current prices. Think of it like hoarding avocados during a sale, except way nerdier and way less guacamole. 🍣

$1.8 billion worth of $ETH left exchanges last week, the highest weekly amount since December 2022.

Despite ongoing pessimism around Ether prices, this trend suggests many holders see current levels as a strategic buying opportunity.

— IntoTheBlock (@intotheblock) March 10, 2025

Here’s the thing: when you see ETH fleeing exchanges, it’s usually because investors are tucking it away into cold storage, which sounds like they’re prepping for some kind of survival bunker. What does this mean? They’re not planning to sell it anytime soon, so basically, long-term diamond hands are in play. Very dramatic. 💎👏

At press time (as if it’s some kind of urgent breaking news, thanks crypto), ETH was shedding tears to the tune of 0.5%, priced at $2,129 after spending some time at intraday lows of $1,994. Weekend vibes hit hard, huh? For the week, Ethereum is dragging itself down by 10%. Truly, a misunderstood artist. 🎭

This Week’s Alcoholic: Ethereum Hits Rock Bottom Amid Crypto Sell-Off 🍷

Monday mood: the entire crypto market teeters like someone who’s had too many tequila shots. Prices nosedived with the arrival of an executive order to establish not one but TWO(!) digital asset reserves in the U.S.—cue disappointment from investors. What happened to YOLO, America? Having reserves is apparently not as thrilling as it sounds. 🙄

Bitcoin, Ethereum, and most of their digital friends decided to go full drama mode, crashing hard. According to CoinGlass data, liquidity parties went wild: $647 million was liquidated from leveraged trading, with $490 million of bullish bets getting wrecked faster than your New Year’s resolutions. Oh, and $155 million of short positions were also unceremoniously booted. Clean-up crew, anyone? 🔥

Crypto analyst Ali is now officially giving us horoscope vibes, claiming that Ethereum (ETH) is consolidating within a descending triangle. Sounds mysterious, right? Apparently, once it breaks out, it could result in an 18% price move. Will it be up? Will it be down? Who knows—but hey, triangles are trendier than squares. 🎲

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2025-03-10 18:27