Ethereum and Bitcoin net flows are notable on the Deribit Options Exchange.

- Ethereum: 233,000 ETH were moved to Deribit's cold wallet at an average price of $3,350, totaling $783 million.

- Bitcoin: 31,000 BTC were transferred to cold wallet at an average price of $98,000, totaling $3,038 billion.

These large withdrawals can affect market sentiment and liquidity.

Market Impacts:

- Reduction in Selling Pressure: Funds moved to cold wallets are unlikely to be sold in the short term.

- Institutional Accumulation: Large transfers usually indicate institutional accumulation.

- Deribit's Risk Management: Moving assets to cold storage is a precaution against security and regulatory scrutiny.

- Market Sentiment: These moves can increase buying activity.