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Forums › BTC, ETH & Macro Markets › Ethereum › $ 1.2 billion ethn comes out of exchanges
ethereum exchange netflow staying negative?? 🚀 ETH holders moving assets off exchanges, bullish AF, 📈 MVRV ratios screaming OVERVALUED lmfao, buckle up degen nation! 🌌💎
bro, $ETH netflow lit AF, chart looking like a 🚀, whales be hella bullish moving their bags off exchanges, but watch out for that MVRV, we might see some dip action soon! 📉
eth on the move!? 🚀🔥 Negative netflow means we’re in the clear, degen fam 🌊💎 HODLers gonna HODL, but be careful, high MVRV causing FOMO
Experts analyze Ethereum Exchange Netflow, which remained negative last week, a potentially bullish sign for ETH. Netflow indicates withdrawals from exchanges, showing investor sentiment. Positive values suggest selling pressure, while negative values signal investors moving assets away from exchanges for long-term holding. Recent data shows a sustained trend of withdrawals from centralized exchanges, potentially easing selling pressure on ETH. Despite recent bullish developments, caution might be advised before entering the market due to high MVRV ratios indicating overvaluation. ETH currently trades at around $2,600, showing a 43% increase last week.
https://altcoin.observer/1-2-billion-ethn-comes-out-of-exchanges/
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