Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Traders Withdrawing Funds from ETH Derivatives Exchanges: What Does the Future Hold for Ethereum?
ETHEREUM NEWS

Traders Withdrawing Funds from ETH Derivatives Exchanges: What Does the Future Hold for Ethereum?

By Crypto FlexsSeptember 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Traders Withdrawing Funds from ETH Derivatives Exchanges: What Does the Future Hold for Ethereum?
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum is under pressure at the time of writing, and we looked at the formation on the daily chart. In summary, ETH is stable on the last day, but has fallen 9% in the last week of trading. It is noteworthy that the trading volume has decreased significantly over the past few days.

Overall, traders are bullish and expect the price to reverse and surge higher, overcoming the immediate local resistance. While this is developing, on-chain data points out other developments that leveraged traders should monitor closely.

Over 40,000 ETH Moved on Derivatives Exchanges

According to one analyst, citing CryptoQuant data, there have been more outflows from derivatives exchanges in the past few weeks. Specifically, the analyst Observe More than 40,000 ETH were moved on derivatives trading platforms such as Binance and OKX.

From a trading perspective, whenever there is a surge in outflows from derivatives to spot exchanges, it may indicate that traders are cautious and wait for a clearer definition before committing. However, this is also positive, especially considering that outflows from derivatives often mean increased inflows to spot exchanges.

Trader Pulling ETH from Derivatives Exchange | Source: Amr Taha via CryptoQuant

In particular, a surge in deposits from derivatives exchanges to spot exchanges rather than external non-custodial wallets can reduce speculative pressure and support prices. As outflows from derivatives exchanges increase, this is a signal that fewer traders are willing to bet on the price of cryptocurrencies and take leveraged short or long positions.

Reading this development, it will be important to see how the price moves in the next few trading sessions. Technically, if it falls below $2,100 and hits the August low, selling could begin, causing more leveraged traders to switch to conservation mode and move their coins to spot, and from there to stablecoins.

Ethereum price downtrend on daily chart | Source: ETHUSDT on Binance, TradingView
Ethereum price downtrend on daily chart | Source: ETHUSDT on Binance, TradingView

Conversely, a reversal above $2,800 could boost sentiment and create a foundation for another rally to $3,000 and $3,500. This would then increase confidence and lead more traders to take leveraged positions and borrow ETH from exchanges.

Ethereum Gas Fees and Institutional Demand Decline

Despite these developments, Ethereum still faces headwinds. For example, some analysts argue that the decline in gas fees could negatively impact demand, raising questions about the network’s long-term sustainability.

As of September 9, the Ethereum gas fee has dropped from 14.21gwei registered a year ago to 2.862gwei. Y chart.

Ethereum Gas Fees Drop | Source: YCharts
Ethereum Gas Fees Drop | Source: YCharts

Additionally, institutional demand for Ethereum via spot ETFs continues to decline. Net outflows across all spot Ethereum ETFs in the US have so far exceeded $568 million. Soso Value.

Feature image from Canva, chart from TradingView

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin, Ethereum and Dogecoin dominate social buzz

September 8, 2025

Integrated security classes can accelerate the adoption of institutional passwords.

September 4, 2025

Next chapter of ecosystem support program

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit’s WSOT Achieves New GUINNESS WORLD RECORDS™ Title With Highest Number Of Online Trading Participants In A Day

September 8, 2025

Airdrop Points Stage 2 Live, TGE Countdown Begins

September 8, 2025

XRP Trader Earns $5,800 A Day, PlanMining Shows You

September 8, 2025

MEXC Lists Openledger (OPEN) With $90,000 In OPEN And 15,000 USDT Airdrop+ Event

September 8, 2025

Bybit Resumes Full Access For Indian Users, Reinforces Commitment To Compliance And Crypto Inclusion

September 8, 2025

As Crypto Market cools down, NFT sales decrease from 20%to +$ 102m.

September 8, 2025

Bitcoin, Ethereum and Dogecoin dominate social buzz

September 8, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025

The August password hacking was $ 163 million as the risk of Exchange increased.

September 7, 2025

The Senate encryption bill adds a provision for treating tokenized stocks as securities.

September 7, 2025

If this trend is owned, the XRP price is $ 3.4 and you can see 20% bounce.

September 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit’s WSOT Achieves New GUINNESS WORLD RECORDS™ Title With Highest Number Of Online Trading Participants In A Day

September 8, 2025

Airdrop Points Stage 2 Live, TGE Countdown Begins

September 8, 2025

XRP Trader Earns $5,800 A Day, PlanMining Shows You

September 8, 2025
Most Popular

Cristiano Ronaldo files $1 billion lawsuit over Binance NFT promotion

December 1, 2023

Bakkt moves forward with $150 million capital raising plan

February 15, 2024

Candy Digital Set to launch a new NFT collection next week

March 16, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.