Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»In March, Ethereum Netflow to centralized exchanges reached nearly $1 billion.
ETHEREUM NEWS

In March, Ethereum Netflow to centralized exchanges reached nearly $1 billion.

By Crypto FlexsMarch 30, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
In March, Ethereum Netflow to centralized exchanges reached nearly  billion.
Share
Facebook Twitter LinkedIn Pinterest Email

Despite a stellar start to the month, Ethereum’s price hasn’t quite lived up to its promise by the end of the month. While this bearish pressure is widespread in the general cryptocurrency market, regulatory uncertainty has become an additional concern for ETH, sparking negative sentiment towards the “king of altcoins.”

Interestingly, recent on-chain revelations show that a significant amount of Ethereum has made its way to exchanges as of March, suggesting that investors may be losing faith in the cryptocurrency’s long-term promise.

Are Investors Losing Confidence in Ethereum?

So far in March, net transfers of ETH to centralized exchanges have amounted to more than $913 million, according to data from CryptoQuant. This on-chain information was revealed through a quick post on a data analytics platform.

This net fund movement represents the largest amount of Ethereum transferred to a centralized exchange in a single month since June 2022. Although there is still a week left until the end of March, these exchange inflows appear to be a complete departure from the patterns observed over the past few years. month.

Chart showing total monthly netflow of ETH on centralized exchanges | Sources: CryptoQuant

As you can see in the chart above, October 2023 was the last time the cryptocurrency exchange saw positive net flows. It is worth noting that there has been significant movement of Ethereum tokens on centralized platforms in the subsequent months leading up to this month.

Meanwhile, separate data points have come to light supporting a large-scale movement of ETH to centralized exchanges. Renowned cryptocurrency analyst Ali Martinez Published in X Over the past three weeks, nearly 420,000 Ethereum tokens (equivalent to $1.47 billion) have been transferred to cryptocurrency exchanges.

Large flows of cryptocurrency to centralized exchanges are often seen as a bearish signal because they can be an indication that investors are willing to sell their assets. Ultimately, this could put downward pressure on cryptocurrency prices.

A significant movement of funds into a trading platform may also indicate a change in investor sentiment. This could be a sign that investors are losing confidence in a specific asset (in this case, ETH).

Moreover, the recent regulatory headwinds surrounding Ethereum particularly highlight this hypothesis. According to the latest reports, the U.S. Securities and Exchange Commission is considering investigating ETH tokens’ classification as securities.

ETH price

As of this writing, the value of an Ethereum token is $3,343, reflecting a 4% price decline over the past four hours. ETH fell 11% in the past week, according to data from CoinGecko.

Ethereum

Ethereum loses the $3,400 level again on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image from Unsplash, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Enterprise Ethereum Alliance accelerates strategic vision with new leadership and board promises -Enterprise Ethereum Alliance

June 5, 2025

Checkpoint #3: June 2025 Stats Ether Leeum Foundation Blog

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 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

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025
Most Popular

Update on partnership between EF and UNICEF

January 2, 2024

Curvance defi raises $3.6 million with launch of ‘All Apps’

December 10, 2023

Elliptic claims money laundering and other crimes related to Huione Guarantee, a multi-billion dollar marketplace.

July 10, 2024
  • 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.