148,700 ETH Exits Exchanges — Reduced Sell Pressure Likely to Support ETH

I see a clear continuation of Ethereum withdrawal flows: centralized exchanges recorded a net outflow of 148,700 ETH over the last 24 hours. That magnitude materially reduces liquid supply available for immediate selling.

From my perspective, large CEX outflows often indicate accumulation, staking, or custody moves and can create upward price pressure if buy-side demand holds. That said, outflows alone don't guarantee an immediate rally because transfers between wallets or custodians can mask intent.

I remain cautiously optimistic and will watch exchange balances, staking inflows, and spot/derivative activity for confirmation before increasing exposure.