According to the data, Ether Lee has observed the highest exchange net outflow in recent two years, which can be optimistic at ETH prices.
The Ether Leeum Exchange Flow Balance has recently seen a deep red spike.
According to the data from Santiment, an onchain analysis company, investors have recently withdrawn ETH from the exchange. The relevant indicators here are “Exchange Flow Balance,” and trace pure Etherrium that enters or goes into a wallet associated with all centralized exchanges.
If the value of the metric is positive, it means that the inflow of exchange surpasses the leak. Investors are one of the main reasons for depositing coins into this platform, so this kind of trend can lead to the weak results of ETH.
On the other hand, the indicators under the Zero Mark suggest that the holder is withdrawn from the exchange. This kind of trend may be a signal that investors are trying to maintain in the long run, which can naturally be optimistic for asset prices.
Now there is a chart that shows the trend of Ether Leeum exchange flow balance over the last few months.
The value of the metric appears to have been red in recent days | Source: Santiment on X
As shown in the graph above, the Ether Leeum exchange flow balance has recently seen a few negative spikes, which means that a large amount of ETH has been exchanged.
During this leakage administration, assets have seen historically high withdrawals for 24 hours. As Santiments explain
It was far from the exchange for 24 hours between February 8 and 9. This was the most pure coin moving in the known exchange wallet in 23 months.
In the current exchange rate of Cryptocurrency, this amount of 224,410 ENT will be converted to about $ 550 million. In the same chart, the analysts attached data from other indicators known as exchange supplies and measured the total amount of ETH sitting on the exchange. This big outflow meant that the metrics have seen a sharp drop in plunge at 963 million ETH, the lowest level since August last year.
Although Etherrium prices have been struggling recently, the fact that large -scale investors in the market are withdrawn can be a positive sign for the future. In other words, SANTIMENT also keeps in mind that “the achievement of Ether Lee in 2025 can still return to ATH level in mind that it will still be directed by Bitcoin’s own ability.”
ETH price
Ether Leeum was still $ 2,600 away, so I couldn’t recover from the conflict early that month.
Looks like the price of the coin has been trading sideways recently | Source: ETHUSDT on TradingView
DALL-E, Santiment.net’s main image, TradingView.com chart