A Whopping $1.8B Ethereum Left Exchanges Last Week, Here’s Why

Feb 11, 2025

Ibiam Wayas

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On-chain data has revealed that $1.8 billion worth of Ethereum was taken out of crypto exchanges last week. The outflows are the largest seen since December 2022.

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The $1.8 billion outflows coincided with increased selling pressure on Ethereum’s price as the crypto markets experienced a downward trend.

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On the bright side, these outflows suggest investors are moving Ethereum into private wallets. The withdrawals signal reduced selling pressure and possible long-term accumulation

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Analysts suggest that for an ETH recovery rally to occur, bulls must defend the $2,100 level.

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Also, analysts claim that Ethereum could see a strong recovery if market sentiment improves and exchange outflows continue.

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A research analyst for Nansen, a crypto intelligence platform, said that Ether supply moving off exchanges was a general bullish signal.

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The analyst reiterated that outflows generally suggest a natural shift toward self-custody and cold storage.

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