CryptoOnchain
๐ Ethereum exchange outflows hit a 2-year high!
CryptoQuant data shows that the 30-day SMA of ETH netflow (total) is at its highest level since September 2023. Large-scale withdrawals often indicate a shift toward self-custody or DeFi deployments, reducing exchange liquidity and immediate selling pressure. ๐ฆ Lower exchange balances = reduced short-term supply