【Blockchain Rhythm】Recently, an interesting signal has emerged in a single trading day. According to on-chain data, in the past 24 hours, there has been a significant net outflow of Ethereum from centralized exchanges, with a total outflow of 1105.77 ETH—this number reflects certain shifts in market participants’ behavior.
Specifically, the three exchanges with the largest outflows are: a leading derivatives exchange, which first outflowed 619.64 ETH; followed by a major spot exchange, with an outflow of 456.22 ETH; and a compliant platform, with an outflow of 438.73 ETH. When summed up, these figures constitute the main body of this wave of outflows.
Interestingly, on the other side of the market, a different story is unfolding. South Korean exchange Bithumb recorded a net inflow of 351.85 ETH during the same period, becoming the only mainstream platform to absorb a large amount of Ethereum against the trend. This contrast often indicates a mismatch in asset allocation among investors from different regions and of different types—while some are exiting, others are entering.
From a data perspective, such a scale of single-day outflow is uncommon and usually signals a change in market sentiment or institutional-level position adjustments. These on-chain flow data often preempt market trends, making it worth monitoring subsequent developments.
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WenMoon42
· 8h ago
Whales running away? Or are they bottom-fishing? This rhythm is quite interesting.
Large ETH withdrawal signals emerge: over a thousand Ethereum tokens have left the network in the past 24 hours
【Blockchain Rhythm】Recently, an interesting signal has emerged in a single trading day. According to on-chain data, in the past 24 hours, there has been a significant net outflow of Ethereum from centralized exchanges, with a total outflow of 1105.77 ETH—this number reflects certain shifts in market participants’ behavior.
Specifically, the three exchanges with the largest outflows are: a leading derivatives exchange, which first outflowed 619.64 ETH; followed by a major spot exchange, with an outflow of 456.22 ETH; and a compliant platform, with an outflow of 438.73 ETH. When summed up, these figures constitute the main body of this wave of outflows.
Interestingly, on the other side of the market, a different story is unfolding. South Korean exchange Bithumb recorded a net inflow of 351.85 ETH during the same period, becoming the only mainstream platform to absorb a large amount of Ethereum against the trend. This contrast often indicates a mismatch in asset allocation among investors from different regions and of different types—while some are exiting, others are entering.
From a data perspective, such a scale of single-day outflow is uncommon and usually signals a change in market sentiment or institutional-level position adjustments. These on-chain flow data often preempt market trends, making it worth monitoring subsequent developments.