Markets· ★★★· bearish·

Santiment: Bitcoin Leaves Exchanges While Ethereum Returns Amid Selloff

  • —BTC exchange balances fell by ~15,000 coins between Oct. 4 and Oct. 8
  • —ETH exchange balances rose by over 100,000 coins (+~2%)
  • —Ethereum dropped about 10% over the period, Bitcoin about 6%
  • —Spot ETH ETFs logged a sixth consecutive day of outflows on Oct. 6
Why it matters: The divergence shows investors are treating BTC and ETH risk differently: ETH flowing back to exchanges typically signals rising sell pressure.
#BTC#ETH
Source: Koin Bülteni
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