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Is Ethereum’s massive $1.26B inflow hinting at a major shakeup?

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Ethereum sees a $1.26 billion inflow, signaling big market moves.
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Is Ethereum massive $1.26B inflow hinting at a major shakeup?
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  • Ethereum’s large transaction surge by 13%, hinting at a looming price action.
  • Over 547,600 ETH worth $1.26 billion hit exchanges, stirring market excitement.

In the past three weeks, a total of 547,600 Ethereum [ETH], valued at more than $1.26 billion has been transferred onto cryptocurrency exchanges, according to a renown analyst tweet.

This significant transfer indicates heightened Ethereum market liquidity and trading activity.

Historically, when such huge numbers of any cryptocurrency begin to make their way into the exchanges, holders are looking to either sell or adjust positions, which could result in potential market volatility.

Ethereum transactions soar by 13%

According to IntoTheBlock data, Ethereum has witnessed a 13% increase in large transactions over the last 24 hours. The number of transactions involving substantial Ethereum volumes jumped from 3,070 to 3,370.

With such an increase in large transactions, it simply means that institutional investors or big holders are becoming interested in the token, hence the increasing exchanges.

Source: IntoTheBlock

Ethereum netflows skyrocket

CryptoQuant data further illustrated that Ethereum’s netflow to exchanges has seen a striking increase in the last 24 hours.

Generally, high net flow is an indicator of increased Ethereum volatility in the market, as more players are likely to cash out or speculate on changes in prices.

This adds to the existing sentiment that the market could be gearing up for significant shifts.

Source: CryptoQuant

Bulls are in control

According to Coinglass, 50.8% investors were holding long positions at press time. This slight majority indicated that market participants have been optimistic in betting on the rise in Ethereum’s price anytime soon. 

Read Ethereum’s [ETH] Price Prediction 2024–2025

However, judging from the amount of Ethereum transferring to exchanges, this massive exchange flow may challenge the bullish sentiment if more sellers start flooding the market.

Source: Coinglass

Based on the recent Fed interest cuts for the first time in four years and favorable market sentiments, Ethereum prices may rally in the near future.

 

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Kelvin Murithi is an Economic and Crypto-Asset Analyst at AMBCrypto who provides a sophisticated, data-driven perspective on the financial markets. His analysis is deeply rooted in his academic and professional background, combining macroeconomic principles with technical asset analysis. He holds a Bachelor's degree in Economics and Statistics, which provides the rigorous quantitative foundation for his work in economic forecasting and investment strategy. Prior to specializing in the digital asset space, Kelvin honed his skills as a Financial and Data Analyst, where he was responsible for analyzing complex datasets and financial models. At AMBCrypto, Kelvin leverages this powerful blend of experience to deliver insightful price analysis. He specializes in interpreting how broader economic trends impact the cryptocurrency market, while also applying technical analysis to identify key price levels and potential trading opportunities. His mission is to equip readers with a multi-layered understanding of the market, enabling them to make strategic and well-informed investment decisions.
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