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exchanges is calculated by the difference between inflows (ETH deposited into the exchange) and outflows (ETH withdrawn from the exchange)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
Sources: Moonshot AI is seeking a new round of funding at a $4 billion valuation
Swedbank: Q1 US Treasury yields are expected to reach 3.9%
Bitget wins "Best Cryptocurrency Exchange" at the 11th Benzinga Fintech Awards