Analyst: The net outflow of over 40,000 ETH from the derivatives exchange in recent days may indicate a reduction in selling pressure
September 9 news, CryptoQuant analyst Amr Taha stated in a post that the net outflow from derivative exchanges recently exceeded 40,000 ETH. This may indicate a decrease in selling pressure for ETH or a reduction in the amount borrowed for new short positions. Note: The net flow of ETH on derivative exchanges is calculated by the difference between inflows (ETH deposited into the exchange) and outflows (ETH withdrawn from the exchange)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Major European stock indexes extend losses, with the Stoxx 50 down 0.9%
A trader sold 61,845 ETH worth $11.52 million in three hours.
Trending news
MoreCrypto prices
More
