MadsEberhardt_Steno2024-02-23

An over 800,000 Ether reduction

Ethereum has outperformed Bitcoin year-to-date. During the same period, exchanges have seen a net outflow of over 800,000 Ether, worth about $2.4 billion. It cannot be stated enough that this reduction in the Ether exchange reserve balance is extremely remarkable and, not least, bullish for Ethereum.