Large ETH CEX Outflow Suggests Reduced Sell Pressure
I see the Ethereum withdrawal trend continuing: centralized exchanges recorded a net outflow of 148,700 ETH in the last 24 hours. I view large CEX outflows as a reduction in immediate sell-side liquidity that can be supportive for price discovery.
At the same time, outflows can reflect multiple behaviors — staking, long-term custody, or DeFi deployment — so I remain cautious about treating a single-day flow as a definitive signal. I’m watching exchange balances, staking inflows, and on-chain activity for confirmation.
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