According to online analytics firm IntoTheBlock, Ethereum is the second largest cryptocurrency by market capitalization. It has seen significant outflows from exchanges in recent weeks.
with ETH More than 1 billion dollars flows from crypto exchanges within that time period
Ethereum There was an outflow of $320 million this week and more than $1 billion in the previous three weeks. This indicates that investors are moving funds away from centralized exchanges to private wallets.
It can be thought of as long-term investors withdrawing assets to hold onto for a longer period of time. This can be seen as confidence in the long-term trend of cryptocurrencies.
refer : u.today
picture bitcoinist.com
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