ETH has undergone a deep correction, but exchange fund flows are showing signs of a reversal.
Over the past three days, ETH has fallen more than 10%, wiping over $38 billion off its market cap. Its price has returned to around where it was a month ago, giving back much of September’s gains. Over the same period, the total market cap of altcoins shrank by more than $110 billion. Notably, CryptoQuant data shows that reserves on Binance have fallen to a nearly six-month low of $ETH , suggesting that many investors are moving their coins off exchanges. This may be easing immediate selling pressure on trading platforms—as funds are accumulating amid the downturn.
(Source: Cryptopotato)
#Ethereum #ETH
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
Over the past three days, ETH has fallen more than 10%, wiping over $38 billion off its market cap. Its price has returned to around where it was a month ago, giving back much of September’s gains. Over the same period, the total market cap of altcoins shrank by more than $110 billion. Notably, CryptoQuant data shows that reserves on Binance have fallen to a nearly six-month low of $ETH , suggesting that many investors are moving their coins off exchanges. This may be easing immediate selling pressure on trading platforms—as funds are accumulating amid the downturn.
(Source: Cryptopotato)
#Ethereum #ETH
⚠️Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.