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Ethereum, the second-largest crypto, experienced an even more pronounced outflow.
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Ethereum was a project of eight partners, including tech giants like Microsoft and Intel.
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Ethereum is currently the second most prominent and successful cryptocurrency in less than a decade. #Ethereum
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Ethereum is an extensively vast technology, with various unique elements separating it from other cryptocurrencies. #ETH
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This negative net flow suggests that investors and traders are moving their Bitcoin holdings away from exchanges, possibly for long-term storage or alternative investment opportunities.
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Bitcoin saw $661.2 million flowing into exchanges within 24 hours, but a higher amount of $797.8 million was withdrawn, resulting in a net outflow of negative $136.5 million.
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