Leaving an exchange isn’t the same as buying the dip.
First nail down this sentence, then talk numbers.
Ali Martinez ( @alicharts )’s take:
From 9/6 to 9/7 over the past two days,
approximately 116,000 ETH were moved out of exchanges,
which at the time’s price amounts to more than $300 million.
CryptoPotato and CoinGape both reported the same thing;
the Chinese side of Hundred-Billion Finance also reposted these figures.
What it truly changes is the order book’s amount of “can be dumped immediately.”
It doesn’t automatically mean someone is accumulating—
it could just as easily be staking, custody, or cold storage.
Don’t mix supporting evidence into a conclusion:
the analyst also said ETH is still likely chopping around roughly 2370–2530;
last week, net inflows into ETH ETFs were about $218 million (per the SoSoValue chart).
Later this week there’s PPI / CPI, and only after that comes 9/16’s FOMC.
I think, exchange outflows can only be used as supporting evidence that selling pressure is thinning,
don’t treat it as confirmation of a breakout.
Coinbase spot price (Beijing ~08:19):
ETH ≈ 2488
BTC ≈ 79087
If anything changes, I’ll update～
Not investment advice.
$ETH $BTC
First nail down this sentence, then talk numbers.
Ali Martinez ( @alicharts )’s take:
From 9/6 to 9/7 over the past two days,
approximately 116,000 ETH were moved out of exchanges,
which at the time’s price amounts to more than $300 million.
CryptoPotato and CoinGape both reported the same thing;
the Chinese side of Hundred-Billion Finance also reposted these figures.
What it truly changes is the order book’s amount of “can be dumped immediately.”
It doesn’t automatically mean someone is accumulating—
it could just as easily be staking, custody, or cold storage.
Don’t mix supporting evidence into a conclusion:
the analyst also said ETH is still likely chopping around roughly 2370–2530;
last week, net inflows into ETH ETFs were about $218 million (per the SoSoValue chart).
Later this week there’s PPI / CPI, and only after that comes 9/16’s FOMC.
I think, exchange outflows can only be used as supporting evidence that selling pressure is thinning,
don’t treat it as confirmation of a breakout.
Coinbase spot price (Beijing ~08:19):
ETH ≈ 2488
BTC ≈ 79087
If anything changes, I’ll update～
Not investment advice.
$ETH $BTC
