📉 Market split: Ethereum leaves the exchanges while Bitcoin is being prepared for sale
The chart shows a divergence in the strategies of major players.
The supply of one instrument on exchanges is shrinking, while the other asset is being accumulated on trading platforms.
A shortage of Ethereum.
Reserves $ETH fell from 7.69 million in June to 6.28 million by the end of August.
A strong outflow continues: in just one week, exchanges also left another 275,000 coins.
Bitcoin accumulation.
In contrast, $BTC balances on platforms increased by 0.25%, staying near the upper bound of the range.
Effect.
The massive withdrawal of $ETH reduces the risk of a cascading sell-side pressure.
The $BTC situation remains tense due to some investors’ readiness to lock in profits.
Smart money creates an artificial shortage in certain sectors.
$ETH
Subscribe to the channel to see capital flow reversals first! 🚀#Ethereum #Bitcoin #ETH #BTC #OnchainAnalysis #BinanceSquare
The chart shows a divergence in the strategies of major players.
The supply of one instrument on exchanges is shrinking, while the other asset is being accumulated on trading platforms.
A shortage of Ethereum.
Reserves $ETH fell from 7.69 million in June to 6.28 million by the end of August.
A strong outflow continues: in just one week, exchanges also left another 275,000 coins.
Bitcoin accumulation.
In contrast, $BTC balances on platforms increased by 0.25%, staying near the upper bound of the range.
Effect.
The massive withdrawal of $ETH reduces the risk of a cascading sell-side pressure.
The $BTC situation remains tense due to some investors’ readiness to lock in profits.
Smart money creates an artificial shortage in certain sectors.
$ETH
Subscribe to the channel to see capital flow reversals first! 🚀#Ethereum #Bitcoin #ETH #BTC #OnchainAnalysis #BinanceSquare
