Analyst: The derivatives exchange has recently seen a net outflow of over 40,000 ETH, which may indicate a reduction in selling pressure

2024-09-09 16:11:33

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ChainCatcher news, CryptoQuant analyst Amr Taha stated that derivative exchanges have recently seen a net outflow of over 40,000 ETH. This may indicate a reduction in selling pressure on ETH or a decrease in the amount borrowed for new short positions.

Note: The net flow of ETH on derivative exchanges is calculated as the difference between inflows (ETH deposited into the exchange) and outflows (ETH withdrawn from the exchange).

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