3 hours ago
3
Key Takeaways
- Four-month high in inflows arrived while reserves continued declining.
- USD-denominated reserves contracted 14.35% in a single day.
- Outflows exceeded inflows by 274,379 ETH over 24 hours.
- Whales holding 100K+ ETH are $342 per coin underwater.
CryptoQuant data confirms Ethereum exchange inflows across all platforms reached 2.3817 million ETH in the past 24 hours, a 1.94% increase on the day and the highest single-day reading in approximately four months. ETH is trading at $1,558 at time of writing, extending a decline that has pushed the asset to its lowest levels since early 2024.
Elevated exchange inflows do not in isolation confirm selling pressure. Coins moving onto exchanges can reflect selling intent, hedging activity, margin deployment, or portfolio rebalancing. What gives the current reading additional weight is the timing: a four-month high in inflows arriving while ETH trades near...
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