Santiment reports major ETH exchange outflow amid US ETF losses

Community Trust Score Likely Real 77 % Real Likely Real 31 votes Updated 47 seconds ago Ethereum ( ETH ) saw roughly 169,770 coins leave exchanges on net, according to Santiment. This marked the largest outflow day in over four months, a pattern last observed just before Ethereum’s rebound in June. Reduced coin availability on exchanges typically indicates less supply ready for sellers. However, US spot Ethereum funds recorded $1.18 billion in net outflows in October, indicating that buyers have not yet followed the supply tightening. Santiment connected the latest spike to June 5, when approximately 223,800 ETH left exchanges.

Source: The Currency Analytics