Ethereum Sees Massive 64,160 ETH Outflow from Major CEXs Including Coinbase Pro and Binance
Main Idea
Centralized exchanges (CEXs) experienced a net outflow of 64,160 ETH over the past week, with Coinbase Pro leading the withdrawals, while Kraken recorded the highest inflow, indicating shifting liquidity trends in the Ethereum market.
Key Points
1. Coinbase Pro led ETH outflows with 47,710 ETH withdrawn in seven days, followed by Binance (14,820 ETH) and Bitfinex (6,700 ETH).
2. Kraken recorded the highest inflow of 10,040 ETH, suggesting selective accumulation amid broader outflows.
3. The net outflow of 64,160 ETH from CEXs may indicate a shift toward self-custody or decentralized finance (DeFi) usage by traders.
4. ETH withdrawals from exchanges like Coinbase Pro are often driven by users moving assets to private wallets or DeFi platforms to reduce exchange risk.
5. Kraken's inflow could signal preparation for upcoming market events, potentially influencing liquidity and price stability in the Ethereum ecosystem.
Description
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