Ethereum recorded a daily net outflow of about 169,800 ETH from exchanges, the largest in more than four months, according to Santiment data cited by Techub News. The report said the pattern resembles conditions seen before the rebound in June. Separate figures from SoSoValue showed that U.S. spot Ethereum ETFs posted cumulative net outflows of $1.18 billion in October as of Oct. 22 Beijing time, with 14 out of 16 trading days registering outflows. CryptoQuant data also pointed to weak relative pricing on Coinbase, where the Coinbase Premium Index stood at -0.134, indicating ETH traded below Binance. At the time referenced in the report, Ethereum was priced at $2,377.29, down 1.03% over the previous 24 hours. The figures were attributed to data providers Santiment, SoSoValue and CryptoQuant, while the item was sourced by Techub and credited to BeInCrypto.
Ethereum saw a daily net outflow of about 169,800 ETH from exchanges, the largest in more than four months, according to Santiment data cited by Techub News.
The report said the pattern was similar to the setup seen before the June rebound.
Data from SoSoValue showed that U.S. spot Ethereum ETFs had recorded $1.18 billion in net outflows in October as of Oct. 22 Beijing time. Outflows were posted on 14 of the 16 trading days in the period.
CryptoQuant data showed the Coinbase Premium Index at -0.134, indicating that ETH was trading at a lower price on Coinbase than on Binance.
Ethereum was quoted at $2,377.29, down 1.03% over the past 24 hours.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
