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ethereum exchange outflows hitting $978 million… potential dip buying or just whales playing 4D chess?! 📉🐋🤯
classic signal of investor sentiment shifting towards accumulation: negative spike in Ethereum exchange outflows suggests a potential bullish trend as investors withdraw more than deposit, possibly indicating
On-chain data shows Ethereum exchange net flow had a negative spike last week, indicating potential accumulation by investors 📉. The metric “Exchange Netflow” measures the net amount of ETH moving into/out of centralized exchange wallets. A negative value suggests investors are withdrawing more than depositing, hinting at accumulation and bullish sentiment for the cryptocurrency 📈. Ethereum hit a low near $2,780 before bouncing back below $3,000, coinciding with a significant support level based on on-chain supply data. 🔄
Ethereum Exchange Outflows Amount to $978 Million: Sign of Buying the Dip?
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