📊 #Ethereum✅ outflow of funds from exchanges 📊

Data shows significant outflow of funds from the Coinbase exchange for Ethereum. The chart shows that on June 11, 2024, the outflow volume reached 336 thousand ETH. This indicates that investors are withdrawing their funds from the exchange, which is often interpreted as a sign that the price is expected to rise as tokens move to safer vaults or for staking.

🔍 What does this mean?

Interest of large investors 💼: When such large volumes are withdrawn from exchanges, this may indicate that institutional investors or “whales” are expecting long-term price growth.

Confidence in the asset 💪: An increase in outflows may indicate growing confidence in Ethereum and its prospects in the market.

Impact on liquidity 💧: This also reduces the available supply on exchanges, which could potentially create upward pressure on the price if demand remains the same or increases. ССЫЛКа