Over 310,000 ETH worth approximately $1.15 billion flowed out of centralized exchanges during a recent 72-hour period, marking one of Ethereum’s largest recorded capital movements. The significant withdrawals coincided with a price decline that saw ETH dip from $3,843 to $3,543.
This substantial capital movement signals strong accumulation behavior despite market volatility, with on-chain metrics revealing exceptional holder confidence. Currently, 91% of Ethereum holders remain in profit positions while 75% have maintained their holdings for over a year – both indicating long-term commitment among investors.
Large holders collectively control 55% of Ethereum’s total circulating supply, underscoring their market influence. Recent network activity shows robust transaction volumes exceeding $108 billion over the past week.
Following the outflows, Ethereum demonstrated resilience with a price rebound to approximately $3,732, suggesting reduced exchange supply may alleviate near-term selling pressure. Market analysts note Ethereum maintains an 0.86 correlation with Bitcoin price movements.
The confluence of profitable long-term holders, whale accumulation, and reduced exchange reserves points toward sustained confidence in Ethereum’s fundamental value proposition among core investors.