Ethereum Exchange Outflows Soar To $978M: Sign Of Dip Buying?

On-chain data shows the Ethereum exchange netflow has witnessed a negative spike during the past week, a potential sign that investors have been accumulating. Ethereum Exchange Netflow Has Been Red For The Past Week As pointed out by institutional DeFi solutions provider Sentora in a new post on X, Ethereum has seen net outflows from exchanges in the past week. The indicator of relevance here is the “Exchange Netflow,” which measures the net amount of ETH that’s moving into or out of wallets connected with centralized exchanges. When the value of this metric is positive, it means the investors are depositing a net number of tokens to these platforms source: https://www.newsbtc.com/news/ethereum/ethereum-exchange-outflows-978m-dip-buying/