New Data Reveals Over $500M Worth of ETH Withdrawn from Exchanges - BitcoinEthereumNews.com
As we approach this summers upcoming upgrade to Ethereum 2.0, investors anticipate bullish behavior as over $500 million worth of ETH was withdrawn from crypto exchanges last week. Recent data released by IntoTheBlock revealed that 180,000 ETH was withdrawn from exchanges on March 15 – the most substantial aggregated exchange withdrawal of Ethereum since October of last year. Within 10 days, Ethereums price increased 15%, with it now at a price of $2,969 as of press time. This is the second-highest 7-day increase for the top ten cryptocurrencies by market capitalization, behind AVAX at 25.9%, according to Coingecko. The upcoming upgrade to Ethereum 2.0 will take place in summer 2022, where the protocols आम सहमति तंत्र will change from PoW to PoS. Investors bullish on Ethereum Blockchain analytics platform Chainalysis suggests that a maximum of 352,317 ETH may have left exchanges in one day – the magnitude of which hasnt been estimated by the firm in the last six months, believing these large outflows to be “bullish” indicators. “Assets held on exchanges increase if more market participants want to sell than to buy and, if buyers choose to store their assets on exchanges,” said the company. Glassnode data shows that nearly 550,000 ईटीएच have left centralized exchanges