Ethereum

Wednesday

Million

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 <p>In what marks the highest figure since the month of August, the Ethereum (ETH) outflow from crypto ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>s has reached a remarkable $181 million. The asset is currently the second largest crypto by market cap and noted the massive outflow to have occurred this past week.</p>
 <p>The asset movement was officially the largest outflow that Ethereum has seen since August 21, according to Santiment. Additionally, Ethereum which is not present on crypto ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>s currently reached an all-time high of 115.88M ETH. Alternatively, Ethereum on ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>s is at its lowest in more than 5 years.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2023/10/06/2a86df4785cee6361e57f864212fa6c9.webp" alt="Ethereum Developers Unveil Zero-Knowledge Wormholes: Details" class="wp-image-113639" srcset="https://cdn.thebittimes.com/images/2023/10/06/2a86df4785cee6361e57f864212fa6c9.webp 1024w, https://cdn.thebittimes.com/images/2023/10/06/2a86df4785cee6361e57f864212fa6c9.webp 300w, https://cdn.thebittimes.com/images/2023/10/06/2a86df4785cee6361e57f864212fa6c9.webp 768w, https://cdn.thebittimes.com/images/2023/10/06/2a86df4785cee6361e57f864212fa6c9.webp 380w, https://cdn.thebittimes.com/images/2023/10/06/2a86df4785cee6361e57f864212fa6c9.webp 550w, https://cdn.thebittimes.com/images/2023/10/06/2a86df4785cee6361e57f864212fa6c9.webp 800w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: Investopedia
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 <p><strong>Also Read: Ethereum Transaction Cost Drops to $1</strong></p>
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 <h2 class="wp-block-heading" id="h-ethereum-exchange-outflows-are-highest-since-august">Ethereum Exchange Outflows are Highest Since August</h2>
 <p>The digital asset industry is certainly undergoing a rather comprehensive shift in investor perspective. Specifically, this has manifested in the crypto ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a> narrative, with many investors leaning away from the platforms to custody their assets. Mostly stemming from the rather vast array of crimes that have been committed by some of these platforms over the last year.</p>
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 <p>Now, Ethereum has observed its outflows from exchanges reach a remarkably high $181 million. Subsequently, the figure represents an all-time high of ETH that is not present on exchanges. Moreover, the outflows that occurred on Wednesday are the largest since late August.</p>
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    <p lang="en" dir="ltr">😮 #Ethereum saw about ~110K $ETH ($181M) move off of ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>s Wednesday, the largest outflow day since August 21st. The amount of non-ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a> Ethereum now sits at an #AllTimeHigh 115.88M $ETH, while its ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a> supply is at its lowest in ~5.5 years. https://t.co/PUOWGt0KS0 pic.twitter.com/u54pp6LZij</p>— Santiment (@santimentfeed) October 5, 2023
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 <p><strong>Also Read: Ethereum Cancun Upgrade Explained </strong></p>
 <p>The narrative is compounded by the arrival of Ethereum ETF, which performed rather poorly. Indeed, these offerings have noted rather small trading volumes, despite some excitement upon arrival. Now, investors are awaiting the arrival of ETF offerings utilizing Bitcoin, with a host of applications present.&nbsp;</p>
 <p>Ethereum has always had a place in the digital asset sector, and that is certainly not going to <a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>. Indeed, the asset has previously been noted for its overwhelming investment potential. Still, the data provides an interesting point of note. Specifically to uncover what this says about the asset or the prevalence of ex<a rel="noopener noreferrer nofollow" title="change" href="https://thebittimes.com/tag/change.html">change</a>s.&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-eth-outflows-from-exchanges-reaches-181-million-tbt65295.html">https://thebittimes.com/ethereum-eth-outflows-from-exchanges-reaches-181-million-tbt65295.html</a></p>

Ethereum (ETH) Outflows From Exchanges Reaches $181 Million

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