Data: This week, the net inflow to exchanges was 62,000 ETH, approximately 231 million USD

2024-05-23 00:00:29
Collection

ChainCatcher news, according to CoinDesk, as traders flock to exchanges with $231 million (62,000 ETH) in anticipation of the ETF, the market is expected to experience volatility.

Analysts indicate that a large influx of ETH into exchanges typically signals increased selling pressure, which may lead to heightened price fluctuations. Currently, market sentiment is high, with investors optimistic about the upcoming Ethereum ETF, driving recent capital flows and market activity.

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