{"id":35018,"date":"2025-01-11T18:30:10","date_gmt":"2025-01-11T18:30:10","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=35018"},"modified":"2025-01-11T18:30:10","modified_gmt":"2025-01-11T18:30:10","slug":"ethereum-exchange-outflows-hits-2-month-high-with-1-4-billion-withdrawn-what-this-means","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=35018","title":{"rendered":"Ethereum Exchange Outflows Hits 2-Month High With $1.4 Billion Withdrawn, What This Means"},"content":{"rendered":"

New reports have revealed a massive exodus of Ethereum (ETH)<\/a> tokens from various crypto exchanges. IntoTheBlock\u2019s on-chain data shows that over $1.4 billion worth of Ethereum has been withdrawn from exchanges. This large-scale ETH outflow marks one of the largest in recent months, signaling a potential shift in investor behavior.<\/p>\n

Ethereum Exchanges See Massive Outflows<\/h2>\n

IntoTheBlock, a crypto analytics platform, reported<\/a> that over $1.4 billion worth of Ethereum was recently moved out of crypto exchanges<\/a>. This large-scale transfer usually occurs when investors buy a cryptocurrency from an exchange and move it to their private wallets rather than storing it on the centralized exchange.\u00a0<\/p>\n

Considering the sheer amount of ETH involved, investors may be planning to hold onto their assets <\/a>rather than sell them. Data for IntoTheBlock indicates that approximately 74% of ETH investors have been HODLing<\/a> for over a year, highlighting a widespread trend amongst investors to retain their assets.\u00a0<\/p>\n

The last time Ethereum exchanges experienced outflows at such a high level was in November 2024. At the time, Bitcoin (BTC)<\/a> and Dogecoin (DOGE)<\/a> were the highlight of the market, experiencing massive gains following Donald Trump\u2019s win<\/a> in the United States (US) Presidential elections.\u00a0<\/p>\n

In contrast, Ethereum saw less impressive gains, struggling to break through resistance levels to reach new highs. Given ETH\u2019s current volatility<\/a> and price fluctuations, it would not be surprising if investors decided to sell off their holdings<\/a> to prevent potential losses. However, the reverse seems to be the case, as these investors are holding on to their assets, possibly banking on a possible price increase in the future.\u00a0<\/p>\n

Confirming the massive ETH outflows from exchanges, CryptoQuant highlighted<\/a> a decrease in overall selling pressure in the Ethereum market. The blockchain analytics platform disclosed that while inflows and outflows have increased slightly, net flows stay negative.\u00a0<\/p>\n

IntoTheBlock also shows that inflows<\/a> have increased by 43.07% over the past week, while outflows have surged by a whopping 57.35%. Ethereum\u2019s large holder netflow remains negative, decreasing by 26.35% over the past week and 47.60% in the last 30 days.\u00a0<\/p>\n

Interestingly, there have also been severe outflows from Ethereum Spot ETFs<\/a>, with Wu Blockchain revealing<\/a> that the total net outflow of these ETFs has increased to $68.47 million.<\/p>\n

Analyst Unveils Bearish Ethereum Price Prediction<\/h2>\n

\u2018More Crypto Online (MCO), a crypto community on X, has shared<\/a> a bleak Ethereum price forecast, projecting a direct decline in line with the third wave of the Elliott Wave theory. According to the analyst, Ethereum will likely remain in its current consolidation phase<\/a> through the weekend as its Wave 2 unfolds.\u00a0<\/p>\n

The analyst has presented potential targets for the projected decline in Wave 3, with significant levels at 100%, 123.6%, and 138%. If Ethereum experiences a decline to these degrees, its price could crash<\/a> to $2,841, $2,660, and $2,555, respectively.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

New reports have revealed a massive exodus of Ethereum (ETH) tokens from various crypto exchanges. IntoTheBlock\u2019s on-chain data shows that over $1.4 billion worth of Ethereum has been withdrawn from exchanges. This large-scale ETH outflow marks one of the largest in recent months, signaling a potential shift in investor behavior. Ethereum Exchanges See Massive Outflows […]<\/p>\n","protected":false},"author":0,"featured_media":35019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-35018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35018"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35018"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/35018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/35019"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}