Ethereum Exchange Outflows Surge: 148.7k ETH Withdrawn — Bullish Scarcity Signal

I see a clear continuation of Ethereum outflows from centralized exchanges: 148,700 ETH net withdrawn in the last 24 hours. Such a large transfer off exchanges usually signals staking, custody, or long-term accumulation rather than immediate selling.

In my view, sustained exchange outflows reduce available sell-side liquidity and increase scarcity, which tends to be bullish for price if demand holds. Timing is uncertain, so I’m watching accompanying on-chain metrics.

I will track staking inflows, spot volume, and destination addresses to confirm whether this is durable accumulation or a short-term rotation before adjusting position sizes.