Ethereum Outflows From Exchanges Hit 2022 Peak as ETH Price Surges

More than $500 million worth of Ethereum was withdrawn from cryptocurrency exchanges earlier this week, as traders look to hold on to their crypto in anticipation of bullish price action.

This is according to data shared by IntoTheBlock, a crypto market research firm, which shows that 180,000 ETH was withdrawn from exchanges on Tuesday. This figure represents the highest aggregated exchange withdrawal of ETH since October, the firm tweeted. At the time, the outflow of ETH preceded a 15%…


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