According to Santiment data, between February 8 and 9, about 224,400 Ethereum were exited from the exchange, setting a new high for single-day net outflows in nearly 23 months.
While this is more of a long-term indicator, it is a strong signal for the currently underperforming Ethereum price. When assets flow out of an exchange, it is usually a sign that investors are confident about holding for the long term. A smaller number of tokens available for public trading also means that a large sell-off is less likely in the future.
It is important to note that the performance of Ethereum in 2025 will still largely depend on Bitcoin's ability to maintain stability and attempt to return to all-time highs.
Santiment: Ethereum's net outflow in a single day hit a 23-month high, and the trend in 2025 will still depend on Bitcoin's performance
2025-02-11 02:31:13
Santiment data day to day period 22.44 million Ethereum transactiondesk3cryptocurrencydesktopCrypto News
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