| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107434.6500000000 |
| ETH | $2435.5230000000 |
| BNB | $648.3996600000 |
| XRP | $2.1846000000 |
| ADA | $0.5662133000 |
| SOL | $150.8018000000 |
| DOGE | $N/A |
| DOT | $3.4077100000 |
| LTC | $86.1774000000 |
| LINK | $13.3967000000 |
Category: CRYPTO NEWS
The post Ethereum Sees Record Exchange Outflows Amid Price Surge appeared on BitcoinEthereumNews.com. A recent wave of exchange outflows has hit Ethereum ($ETH), and this trend has now been seen for three weeks in a row. Data from DeFi analytics firm SentoraHQ shows that over the past 24 hours, exchange outflows of Ethereum have reached a staggering $559 million. This increase in outflows fits right in with Ethereum’s price rally that it’s on as we speak, with its price hitting above $2,300 recently—meaning the asset is now up over 20% just from yesterday to today. ETH has surged past $2,300, up more than 20% in the past 24 hours. Meanwhile, Abraxas Capital continues to accumulate, withdrawing 61,401 $ETH($116.3M) from exchanges over the last 2 days.https://t.co/ObH6pw7cwd pic.twitter.com/cKk7K8ZXe0 — Lookonchain (@lookonchain) May 9, 2025 The recent increase in price and outflows shows that the market is shifting, with investors now casting their votes in favor of Ethereum’s long-term vision. The uptick in ETH’s price has not only gained the attention of everyday investors but has also drawn the eyes of big-name institutions. These organizations are now starting to custody ETH themselves—means to an end that, in Ethereum’s view, further hashes out the network’s future value. Ethereum exchange outflows reach $559M amid price rally Ethereum $ETH has seen accelerating exchange outflows for the third straight week, driven by its ongoing price surge, according to DeFi analytics firm @SentoraHQ on X (formerly IntoTheBlock). About $559 million worth of ETH… — CoinNess Global (@CoinnessGL) May 9, 2025 Abraxas Capital Takes a Bold Step, Increasing its Ethereum Holdings A very important event in the Ethereum market has been the accumulation of ETH by institutional investors, especially Abraxas Capital. Just in the last two days, the firm has taken an impressive 138,511 ETH, worth about $297 million, off exchanges. This appears to be a not-so-subtle way of signaling its intent…
2025-05-10T03:41:13+00:00