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"$1.4 Billion Worth of Ethereum Withdrawn from Exchanges in a Week"

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Son Min
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  • This week, $1.4 billion worth of Ethereum was withdrawn from exchanges, marking the highest level since last November.
  • It was added that this suggests more investors are looking to accumulate Ethereum.
  • The large-scale Ethereum withdrawal from exchanges indicates a need to monitor the cryptocurrency market trends.
STAT AI Notice
  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

Source=IntoTheBlockSource=IntoTheBlock

This week, the amount of Ethereum (ETH) withdrawn from cryptocurrency exchanges reached its highest level since November last year.

On the 9th (local time), IntoTheBlock announced on X, "This week's Ethereum outflow from exchanges has reached its highest level since November last year," adding that "the outflowed Ethereum amounts to $1.42 billion." They further noted that the increase in Ethereum outflow suggests that more investors are looking to accumulate Ethereum.

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sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit