Ethereum sees $313M outflow in 5 hours as $235M converted to cash
- —ETH recorded the largest outflow at $312.98 million over five hours
- —BTC saw $116.77 million leave, XRP $16.69 million and SOL $12.42 million
- —Inflows reached $28.57 million for ETH, $25.07 million for BTC and $16.8 million for XRP
- —Fiat conversions totaled $235.35 million in USD, $18.45 million in KRW and $4.54 million in EUR
Why it matters: Heavy ETH outflows and large-scale fiat conversion may point to profit-taking and near-term selling pressure on major assets.
Source: TokenPost