burakkesmeci2024-04-20

2024's Largest Ethereum Netflow (-143K): Possible Reasons Behind It.

Three times throughout 2024, we've witnessed significant outflows in "Ethereum All Exchanges Netflow" data. Outflow Times and Quantities February 7, 2024: -139K ETH March 26, 2024: -141K ETH April 18, 2024: -143K ETH Who's Buying? Two alternatives come to mind at this point. First, there are long-term investors who believe Ethereum will appreciate with the potential approval of an ETH ETF or ETN. Second, there could be institutional investors behind these massive net outflows, believing that Ethereum will perform well in the future. Conclusion The above are just two assumptions. In addition, we witnessed a significant amount of BTC leaving exchanges before the Bitcoin spot ETF approval. I can't say the same is happening, but we should keep this possibility in mind. On the other hand, there could be manipulators. If such a large outflow can occur in a single trading day, there could also be an inflow. Therefore, it is beneficial to be prepared for both scenarios. Thank you for reading.