Ethereum Withdrawals from Exchanges Reach $1.8 Billion in a Week
- Investors withdrew $1.8 billion worth of Ethereum from crypto exchanges in one week.
- This marks the highest weekly outflow since December 2022.
- Large investors, or “whales,” acquired over 1.1 million ETH in just 48 hours.
- The volume of stablecoins on Ethereum’s blockchain increased by $1.3 billion over the last week.
The withdrawal of $1.8 billion worth of Ethereum from exchanges signals strategic buying opportunities amid market pessimism, with significant acquisition activity by large investors and a notable rise in stablecoin volumes on the Ethereum blockchain.
Source (2.6)https://hodl.press/ethereum-withdrawals-from-exchanges-reach-1-8-billion-in-a-week/?rand=24434
