Massive $ETH Outflow: $583M Withdrawn in 24 Hours
Between February 8 and 9, 224,410 ETH (around $583 million) was withdrawn from crypto exchanges, marking the largest single-day outflow in nearly two years, according to Santiment.
While Ethereum’s price is struggling, this could be a bullish signal—large outflows often indicate that investors are moving assets off exchanges for long-term holding, rather than selling.
