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exchanges is calculated by the difference between inflows (ETH deposited into the exchange) and outflows (ETH withdrawn from the exchange)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
DeFi structured position tool Asgard completes $2.2 million seed round led by Robot Ventures
Data: Oppenheimer predicts S&P 500 index will rise 18% to 8,100 points by 2026
BNY Mellon: The Fed Will Deliver a Hawkish Rate Cut This Week, Dot Plot Reveals Policy Divergence