Santiment: Ethereum's single-day net outflow from exchanges hits a 23-month high, and its trend in 2025 will still depend on Bitcoin's performance

According to Santiment data, from February 8th to 9th, approximately 224,400 Ethereum flowed out of exchanges, setting a new high for single-day net outflows in nearly 23 months. Although this seems more like a long-term indicator, it is a strong signal for the currently sluggish Ethereum price. When assets flow out of exchanges, it usually indicates that investors have confidence in holding them long term. The reduction in the number of tokens available for public trading also means that the possibility of large-scale sell-offs happening in the future decreases. It should be noted that Ethereum's performance in 2025 will largely depend on Bitcoin's ability to maintain stability and attempt to return to its historical highs.