1.2 million ETH withdrawn from exchanges in just one month
Don't panic, the Netflow index of Ethereum All Exchanges shows the total flow of ETH in and out across all exchanges
👉 Positive value = ETH inflow → Potential selling pressure
👉 Negative value = ETH outflow → Dominant buying pressure
As of 12/8/2025, the SMA30 line is at -40,000 ETH, which means the average outflow per day is 40,000 ETH over the past month
Linked with the volume of $ETH ETF in recent days, it can fully explain the strong withdrawal of funds on the exchanges
And as the ETF flow continues to increase, the upward trend still has the opportunity to continue.
