😳Talking about blue chip coins, Bitcoin is changing hands at $104,991.34, while Ethereum trades at $2524.22. XRP is slightly down at $2.16, holding on to gains from earlier in the week. The business appears to be in a consolidation phase, with volumes reducing and price ranges tightening.
🪙The focus of the chart is that there have been trades around near-month expiration, specifically during this month, suggesting future volatility or market manipulations that may affect the forecast of the price of Ethereum on a significant level.
🚦ETH Crypto Records Increased Outflow:
As per the data of DefiLlama, the Ethereum chain has experienced a significant drop over the past few weeks. Notably, from a peak of 27.99 million ETH on 06th of May, the numbers have dropped to 25.22 million today. This highlights a drop of approximately 10% in a span of 45 days.💸
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