Ethereum exchange outflows hit 169,770 ETH, highest in four months
- —Net exchange outflow of 169,770 ETH, the largest since June
- —In June a 223,800 ETH outflow preceded a local bottom and rebound
- —ETH ETFs saw over $1 billion in net outflows from Oct 1-22, with 14 of 16 days negative
- —Santiment flags $2,500 as a bottom confirmation level and $2,330 as a breakdown risk
Why it matters: Shrinking exchange supply cuts available sell-side liquidity, but a durable reversal likely needs ETF flows to turn positive again.
Source: Digital Today