Ethereum sees $45.18M outflow in five hours as $66.73M converted to fiat
- —ETH outflows hit $45.18M over five hours, versus $38.43M for BTC
- —Fiat conversions totaled $66.73M, including $6.67M in Brazilian reais
- —Inflows: BTC $7.11M, WBTC $5.54M, SOXLB $4.41M
- —Stablecoin conversions included $28.7M USDT and $2.7M USDC
Why it matters: Heavy ETH outflows paired with fiat conversions suggest caution among large holders and could add selling pressure.
Source: TokenPost