#MarketDownturn

Withdrawal #ETH from exchanges: what does this mean?

On the chart we see a sharp outflow of#Ethereumfrom exchanges: -72.9K ETH over the last day! 🔴 This indicator may indicate that large holders are withdrawing their assets from exchanges, which may indicate preparation for long-term storage or a desire to avoid sales in conditions of possible volatility. 📉

A decrease in supply on exchanges may create the preconditions for price increases in the future if demand remains high.

Here is one of the answers to why the market sank, and also taking into account this drawdown 🟢Investors of funds and trusts, including Grayscale, demonstrate relatively high buying sentiment.